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ACCOUNTING Bramble Corp. began operations on April 1 by issuing 53,400 shares of s5...

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Accounting

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Bramble Corp. began operations on April 1 by issuing 53,400 shares of s5 par value common stock for cash at $16 per share. In addition, Bramble issued 3,500 shares of $1 par value preferred stock for $5 per share. ournalize the issuance of the common and preferred shares. (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 0 for the amounts.) Date Account Titles and Explanation Debit April 1 To record issuance of common shares) April 1 To record issuance of preferred shares)

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