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5. Eastport Inc was organized on June 5. Yeart. It was authorized to issue 430.000 shares of $10 par common stock and 60,000 shares of

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5. Eastport Inc was organized on June 5. Yeart. It was authorized to issue 430.000 shares of $10 par common stock and 60,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport inc: apood 1. Issued 24,000 shares of common stock for $15 per share. 2. Issued 11,000 shares of the class A preferred stock for $25 per share. 3. Issued 57,000 shares of common stock for $18 per share. OM Hint Required a. Prepare general Journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction flat Journal entry worksheet 1 2 Issued 24,000 shares of common stock for 515 per share. debts bore credits Event C . eto meducation.com/map/index.html?coscooth35345352202 BE Cat Cate HW Update 07 Journal entry worksheet 1667 D Issued 24,000 shares of comfors per share 1 edir Bay b. Prepare the stockhole couty section of the balance sheet met her these transactions se CP SH Next > wypal Chp 11 Connect HW 6 Save 5 Journal entry worksheet 16.57 points 1 3 Shaped Issued 11,000 shares of the class A preferred stock for $25 per share. toote Enter debits before credits Event General Journal Debit 2 Credit Record entry Clear entry View general Journal Chp 11 Connect HW Saved 5 Journal entry worksheet 16,67 points Slopped Issued 57,000 shares of common stock for $18 per share Note: Enter debits before credits General Journal P Event 3 Debit Credit References Record entry Clear entry View general journal View general Journal Silipped eBook Hint b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions Print References Stockholders' equily Total stockholders equity $ 0

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