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only 2 questions at the end. All information provided. Problem 11-2A The stockholders' equity accounts of Bramble Corp, on January 1, 2017, were as follows.

only 2 questions at the end. All information provided.

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Problem 11-2A The stockholders' equity accounts of Bramble Corp, on January 1, 2017, were as follows. Preferred Stock (7%, S 100 par noncumulative, 4,200 shares authorized) Common Stock (s5 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,200 common shares) $252,000 1,250,000 12,600 480,000 688,500 33,600 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,730 shares of common stock for $33,110. Mar. 20 Purchased 1,050 additional shares of common treasury stock at $8 per shars. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1 Dec. 1 Declared a s0.40 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Dec. 31 Determined that net income for the year was $283,900, Paid the dividend declared on December 1. Your answer is correct. Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Tides and Explanation Debit Credit Feb. 1 Cash 33110 Common Stock 23650 Paid-in Capital in Excess of Stated 9460 Mar. 20 Treasury Stock 8400 Cash 8400 Oct. 1 Cash Dividends 17640

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