Bramble Corp. was organized on January 1, 2025. It is authorized to issue 21,200 shares of...

Transcribed Image Text:

Bramble Corp. was organized on January 1, 2025. It is authorized to issue 21,200 shares of 7%, $50 par value preferred stock and 474,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 1 Mar May 1 Sept. 1 Nov. 1 Issued 66,600 shares of common stock for cash at $3 per share. Issued 13,200 shares of preferred stock for cash at $53 per share. Issued 122,000 shares of common stock for cash at $5 per share, Issued 6,400 shares of common stock for cash at $4 per share, Issued 4,400 shares of preferred stock for cash at $56 per share. SUPPO 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 O for the amounts. List all debit entries before credit entries.) Date Jan. 10 v Cash Account Titles and Explanation I Mar. 1 Common Stock Paid-in Capital in Excess of Par-Common Stock Cash Preferred Stock Paid-in Capital in Excess of Par-Common Stock Debit Credit SUPPO May 11 Cash Sept. 1 Nov. 1 Common Stock Paid-in Capital in Excess of Par-Common Stock Cash Common Stock Paid-in Capital in Excess of Par-Common Stock Cash Common Stock Paid-in Capital in Excess of Par-Common Stock SUM Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock I Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2025. (Enter account name only and do not provide descriptive information.) BRAMBLE CORP. Partial Balance Sheet $ $ SUB Bramble Corp. was organized on January 1, 2025. It is authorized to issue 21,200 shares of 7%, $50 par value preferred stock and 474,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 1 Mar May 1 Sept. 1 Nov. 1 Issued 66,600 shares of common stock for cash at $3 per share. Issued 13,200 shares of preferred stock for cash at $53 per share. Issued 122,000 shares of common stock for cash at $5 per share, Issued 6,400 shares of common stock for cash at $4 per share, Issued 4,400 shares of preferred stock for cash at $56 per share. SUPPO 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 O for the amounts. List all debit entries before credit entries.) Date Jan. 10 v Cash Account Titles and Explanation I Mar. 1 Common Stock Paid-in Capital in Excess of Par-Common Stock Cash Preferred Stock Paid-in Capital in Excess of Par-Common Stock Debit Credit SUPPO May 11 Cash Sept. 1 Nov. 1 Common Stock Paid-in Capital in Excess of Par-Common Stock Cash Common Stock Paid-in Capital in Excess of Par-Common Stock Cash Common Stock Paid-in Capital in Excess of Par-Common Stock SUM Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock I Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2025. (Enter account name only and do not provide descriptive information.) BRAMBLE CORP. Partial Balance Sheet $ $ SUB