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Question 3 Bramble Corporation was organized on January 1, 2020. It is authorized to issue 10,500 shares of 84, 5100 par value preferred stock, and

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Question 3 Bramble Corporation was organized on January 1, 2020. It is authorized to issue 10,500 shares of 84, 5100 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 553,000 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. tomatically indented when amount is (a) Journalize the transactions. (Record journal entries in the order presented in the problem. Credit accou entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit

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