Your answer is correct. 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.) count Titles and Explanation Debit Credit ash 1,091,500 Preferred Stock 906,500 Paid-in Capital in Excess of Par-Preferred Stock 185,000 ash 756,000 Preferred Stock 588,000 Paid-in Capital in Excess of Par-Preferred Stock 168,000 e Textbook and Media Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Credit Balance Preferred Stock Date Explanation Ref. Debit Feb. 1 July 1 Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref. Debit Feb. 1 July 1 Credit Balance eTextbook and Media