5 Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 490,000 shares of $11 par common stock and 70,000 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 Incorporated: 16.67 points 1. Issued 16,000 shares of common stock for $16 per share. 2. Issued 12,000 shares of the class A preferred stock for $25 per share. 3. Issued 59,000 shares of common stock for $19 per share. eBook Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References 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 list Journal entry worksheet A B > Issued 16,000 shares of common stock for $16 per share. Record the transaction. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general Journal 5 Eastport Incorporated was organized on June 5, Year 1. was authorized to issue 490,000 shares of $11 par common stock and 70,000 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 Incorporated: 6.67 points 1. Issued 16,000 shares of common stock for $16 per share. 2. Issued 12,000 shares of the class A preferred stock for $25 per share. 3. Issued 59,000 shares of common stock for $19 per share. eBook Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References Prepare general journal entries for these transactions. (If no entry is required for in the first account field.) transaction/event, select "No journal entry required" View transaction list Journal entry worksheet Issued 12,000 shares of the class A preferred stock for $25 per share. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Event 2 Record entry Clear entry View general Journal 5 Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 490,000 shares of $11 par common stock and 70,000 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 Incorporated: 6.67 points 1. Issued 16,000 shares of common stock for $16 per share. 2. Issued 12,000 shares of the class A preferred stock for $25 per share. 3. Issued 59,000 shares of common stock for $19 per share. eBook Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References 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 list Journal entry worksheet Issued 59,000 shares of common stock for $19 per share. Record the transaction. Note: Enter debits before credits. Event General Journal Debit Credit 3 Record entry Clear entry View general Journal (Required A Required B > 5 Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 490,000 shares of $11 par common stock and 70,000 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 Incorporated: 16.67 points 1. Issued 16,000 shares of common stock for $16 per share. 2. Issued 12,000 shares of the class A preferred stock for $25 per share. 3. Issued 59,000 shares of common stock for $19 per share. eBook Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Hint Complete this question by entering your answers in the tabs below. Print lo Required A Required B References Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Total stockholders' equity