The stockholders' equity accounts of Bramble Corp. on January 1, 2025, were as follows. Preferred Stock...

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The stockholders' equity accounts of Bramble Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncamulative, 4,500 shares authorized) $270,000 Common Stock ($4 stated value, 270,000 shares authorized) 900,000 Paid-in Capital in Excess of Par-Preferred Stock 13,500 Paid-in Capital in Excess of Stated Value-Common Stock 432,000 Retained Earnings 619.200 Treasury Stock (4,500 common shares) 36,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,500 shares of common stock for $27,000. Mar. 20 Purchased 900 additional shares of common treasury stock at $7 per share. Oct. 1 Nov. 1 Dec. 1 Dec. 31 Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Determined that net income for the year was $254,000. Paid the dividend declared on December 1. Date Account Titles and Explanation Debit Credit SUPPO (To close Income Summary and transfer net income to Retained Earnings) (To close Cash Dividends to Retained Earnings) (To record payment of cash dividends payable) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends Treasury Stock BRAMBLE COMP Partial Balance Sheet $ Question 11 of 11 eTextbook and Media List of Accounts -13 E The stockholders' equity accounts of Bramble Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncamulative, 4,500 shares authorized) $270,000 Common Stock ($4 stated value, 270,000 shares authorized) 900,000 Paid-in Capital in Excess of Par-Preferred Stock 13,500 Paid-in Capital in Excess of Stated Value-Common Stock 432,000 Retained Earnings 619.200 Treasury Stock (4,500 common shares) 36,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,500 shares of common stock for $27,000. Mar. 20 Purchased 900 additional shares of common treasury stock at $7 per share. Oct. 1 Nov. 1 Dec. 1 Dec. 31 Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Determined that net income for the year was $254,000. Paid the dividend declared on December 1. Date Account Titles and Explanation Debit Credit SUPPO (To close Income Summary and transfer net income to Retained Earnings) (To close Cash Dividends to Retained Earnings) (To record payment of cash dividends payable) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends Treasury Stock BRAMBLE COMP Partial Balance Sheet $ Question 11 of 11 eTextbook and Media List of Accounts -13 E