Splish Brothers Inc. is authorized to issue both preferred and common stock. The par value of the preferred is $49. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock.

Feb.	1		Issued 19,500 shares for cash at $57 per share.
July	1		Issued 13,000 shares for cash at $61 per share.

Journalize the transactions. (Record journal entries in the order presented in the problem. 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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Feb. 1
July 1

Post to the stockholders equity accounts. (Post entries in the order of journal entries presented in the previous part.)

Preferred Stock
Date	Explanation	Ref.	Debit	Credit	Balance
Paid-in Capital in Excess of ParPreferred Stock
Date	Explanation	Ref.	Debit	Credit	Balance