please show calculation 6. In its first year of operations,...
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please show calculation 
6. In its first year of operations, Banner Elk Corporation had the following transactions pertaining to its $10 par value preferred stock Feb. 1 Issued 6,000 shares for cash at $33 per share. Nov. 1 Issued 3,000 shares for cash at $55 per share. Instructions (a) Joumalize the transactions. Date Account Debit Credit Feb 1 Nov 1 (b) Indicate the amount to be reported for (1) preferred stock, and (2) paid-in capital in excess of par - preferred stock at the end of the year. (Show your calculations) (1) (2)
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