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please help i will rate your answer Bramble Corporation was organized on January 1,2022. It is authorized to issue 11,000 shares of 8%,5100 par value
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Bramble Corporation was organized on January 1,2022. It is authorized to issue 11,000 shares of 8%,5100 par value greferred stock. and 524,000 shares of no-par eommon stock with a stated value of $2 per share. The following stock transactions were completed during the first vear, Jan 10 Issued 83,000 shares of common stock for cashat st per share. Mar. 1 Issoed 4,600 stares of preferred stock for cash at 5110 pershare. Ape. 1. Isssed 23,000 shares of common stock for land. The asking price of the land wat $89,500. The fair value or the land was $86,000 Mar 1 issued 81.000 shares of commonistock for cashat 55.00 por share Aug. 1 Issued 10,500 shares of commonstock to attorneys in payment of their bill of 542,000 for services perfarmed in helping the compary orkanize Sept: 1 isued 10,500 shares of common stock for cashat 55 per share Nov. 1 issued 3.000 shares of preferred stock for cash at 5112 per share. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automotically indented when amount is entered. Do not indent manually. Commonstock Paid in Capital in Excess of Stated Value-Common Stock May 1% Cach 405,000 Comenon Stock Preferind Stodk Paid in Capedintscen of Par Pretertedstock i will rate your answer
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