Question 1 BrambleBeverage Company is authorized Issue 10500 shares of 7%, $100 par value preferred stock and 520000 shares of no-par common stock with a stated value of $1 per share. If Bramble issues 9500 shares of common stock to pay its recent attorney's bill of $39700 for legal services on a land access dispute, which of the following would be the journal entry for Bramble to record? Legal Expense 38700 Common Stock 38700 Legal Expense 38700 9500 Common Stock Pald-in Capital in Excess of Stated Value - Common 29200 Legal Expense Common Stock 9500 9500 Legal Expense 38700 Common Stock 9500 29200 Pald-in Capital in Excess of Par - Preferred