PRINTER VERSION BACK NEXT par common stock with a stated CALCULATOR FULL SCREEN Question 11 Bridgepo

PRINTER VERSION BACK NEXT par common stock with a stated CALCULATOR FULL SCREEN Question 11 Bridgeport Corporation was organized on January 1, 2020. It is authorized to issue 14,500 shares of 8%, $100 per value preferred stock, and 464,000 shares of value of $3 per share. The following stock transactions were completed during the first year Jan. 10 issued 81,500 shares of common stock for cash at $6 per share Mar. 1 issued 4,300 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 22,500 shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $83.500 May 1 Issued 85,000 shares of common stock for cash at $4.25 per share. Aug. 1 Iswed 12,000 shares of common stock to attorneys in payment of their bill of $40,500 for services performed in helping the company organize Sept. 1 Issued 12,000 shares of common stock for cash at 6 per share. Nov. 1 Issued 2,500 shares of preferred stock for cash at $114 per share. Journal the transactions. (Record journal entries in the order presented in the problem. Credit accounts are automatically indeed when amount interd. De m manually.) indest Account Tities and Explanation Debit mm) Bel 2000-2019 W C . A SIG Merved. A tice Assignment Gradebook ORION Downloadable eTextbook nment 01:10 PM / Remaining: 170 min. Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part) Preferred Stock Common Stock Study Paid-in Capital in Excess of Par-Preferred Stock Pald-in Capital in Excess of Stated Valve Common Stock 2000-2019 lote Sons. All Rights Reserved. A Division of the w 1 P P o n the MacBook Air RCES Pald-in Capital in Excess of Stated Value-Common Stock Prepare the paid in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and de BRIDGEPORT CORPORATION Balance Sheet (Partial) ults by Study horment Privacy Policy 1 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley Sons Inc

 

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