Problem 13 01A a c Bramble Corporation was organized on January 1, 2020 It is authorized to issue 10,500 shares of 8 , $100 par value preferred stock, and 477,000 shares of no par common stock with a stated value of $2 per share The following stock transactions were completed during the first year Jan 10 Issued 75,500 shares of common stock for cash at $4 per share Mar 1 Issued 5,650 shares of preferred stock for cash at $105 per share Apr 1 Issued 25,000 shares of common stock for land The asking price of the land was $86,500 The fair value of the land was $83,000 May 1 Issued 84,500 shares of common stock for cash at $4 25 per share Aug 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $41,000 for services performed in helping the company organize Sept 1 Issued 10,000 shares of common stock for cash at $6 per share Nov 1 Issued 2,500 shares of preferred stock for cash at $111 per share Post to the stockholders' equity accounts (Post entries in the order of journal entries presented in the previous part ) Preferred Stock Mar 1 Mar 1 565,000 Nov 17 Nov 1 250,000 Nov 1 815,000 Common Stock Jan 10 V Jan 10 151,000 Mar 1 50,000 X X Apr 1 Apr 1 201,0001 x Aug 1 May 1 169,000 Nov 1 May 1 370,000 Aug 1 22,000 Paid in Capital in Excess of Par Preferred Stock Mar 1 28,250 28520 X Nov 1 27,500 Nov 1 27500 Nov 1 55750 Paid in Capital in Excess of Stated Value Common Stock x x Jan 10 Jan 10 151,000 May 1 May 1 184,000 May 1 190,125 May 1 374,125 X Aug 1 19,000 Aug 1 393,125 Sept 1 Sept 1 40,000 Bal 433,125

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Problem 13-01A a-c Bramble Corporation was organized on January 1, 2020. It is authorized to issue 10,500 shares of 8%, $100 par value preferred stock,

Problem 13-01A a-c

Bramble Corporation was organized on January 1, 2020. It is authorized to issue 10,500 shares of 8%, $100 par value preferred stock, and 477,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.

Jan.	10	Issued 75,500 shares of common stock for cash at $4 per share.
Mar.	1	Issued 5,650 shares of preferred stock for cash at $105 per share.
Apr.	1	Issued 25,000 shares of common stock for land. The asking price of the land was $86,500. The fair value of the land was $83,000.
May	1	Issued 84,500 shares of common stock for cash at $4.25 per share.
Aug.	1	Issued 11,000 shares of common stock to attorneys in payment of their bill of $41,000 for services performed in helping the company organize.
Sept.	1	Issued 10,000 shares of common stock for cash at $6 per share.
Nov.	1	Issued 2,500 shares of preferred stock for cash at $111 per share.

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Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Mar. 1 Mar. 1 565,000 Nov. 17 Nov. 1 250,000 Nov. 1 815,000 Common Stock Jan. 10 V Jan. 10 151,000 Mar. 1 50,000 X X Apr. 1 Apr. 1 201,0001 x Aug. 1 May 1 169,000 Nov. 1 May 1 370,000 Aug. 1 22,000 Paid-in Capital in Excess of Par-Preferred Stock Mar. 1 28,250 28520 X Nov. 1 27,500 Nov. 1 27500 Nov. 1 55750 Paid-in Capital in Excess of Stated Value-Common Stock x x Jan. 10 Jan. 10 151,000 May 1 May 1 184,000 May 1 190,125 May 1 374,125 X Aug. 1 19,000. Aug. 1 393,125 Sept. 1 Sept. 1 40,000 Bal. 433,125