Exercise 11-3 Bramble Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 45,400 shares for cash at $145 per share. July 1 Issued 170,400 shares for cash at $64 per share. Your answer is partially correct. Try again. Journalize the transactions. (Record journal entries in the order preented 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.) Date Account Titles and Explanation Debit Credit Feb. 1 Cash 6583000 Paid-in Capital in Excess of Par Value-Preferred Stock Preferred Stock July 1 #| | |Cash 10905600 Paid-in Capital in Excess of Par Value-Preferred Stock Preferred Stock