8.

This is for help with the name of accounts.

In 2020, Bridgeport Inc. issued 1,000 shares of $10 par value common stock for land worth $34,900. (a) Prepare Bridgeport's journal entry to record the transaction. (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 for the amounts.) Account Titles and Explanation Debit Credit (b) Indicate the effect the transaction has on cash. (c) Indicate how the transaction is reported on the statement of cash flows. Bridgeport Inc. Statement of Cash Flows (Partial) Account Titles and Explanation Cash Common Stock Land No Entry b Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Preferred Stock stat Retained Earnings nc P- Paid-in Capital in Excess of Par-Preferred Stock Preferred Stock Purchase of Land Through Issuance of Common Stock Purchase of Land Issuance of Common Stock