Need help with part b

$($a$)$ Your answer is correct.

Journalize the transactions. $($List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit

account titles are automatically indented when amount is entered. Do not indent manually.$)$

Attempts: $1$ of $3$ used

$($b$)$

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

Paid$-$in Capital in Excess of Par$-$Preferred Stock

July $1$