./15 Question 9 of 10 Views Current Atemtia Progress Theses gatection Seed Compleet December 31, 2019.parow Shaded Paid in Common ok 50.430,000 shares the 350.000 de $2.500.000 Putin cancer par 1250000 Total 4750,000 Hetired amnings 800,000 Toboch 55.550.000 Dur 2000, the following rock actions curred Sant 4.000 com 23 per A 30 Parod 21.000 shares or commento per te behether Prepare the journaler to record thatow stock condicrounded with de momento enter for the Date Account Tales and Explanation Credit Textbook and Media He to watch O i E de - / 15 !!! Question 9 of 10 Prepare the stockholders' equity section of the balance sheet for Sheffield Corp. at December 31, 2020. Assume that net income for the year was $160,000 and that no dividends were declared. Enter account name only and do not provide descriptive Information SHEFFIELD CORR Balance Sheet (Partial Dec 31, 2020 Shock v 3 Textbook and Media Lot of Accounts Se Una Almus: fed to search L! E HD 1 Bridgeport Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 July 1 Issued 45,000 shares for cash at $51 per share. Issued 65,000 shares for cash at $57 per share. 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. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Date Debit Credit Feb. 1 2295000 Account Titles and Explanation Cash Dividends Preferred Stock Pald-in Capital in Excess of Par Value-Preferred Stock Cash Dividends July 1 Preferred Stock Pald-in Capital in Excess of Par Value-Preferred Stock Type here to search O BI Post to the stockholders' equity accounts. (Use T-accounts.) (Post entries in the order of Journal entries posted in the prev Preferred Stock 2/1 45000 2/17 2250000 7/1 65000 7/1 V 3250000 Bal. 110000 Bal. 5500000 Paid-in Capital in Excess of Par Value Preferred Stock 2/1 45000 2/1 7/1 65000 7/1 Bal