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Brideeport Corporation was organized on January 1, 2022. It is authorized to issue 15,000 shares of 8%, 5100 par value preferred stock and 504,000 shares
Brideeport Corporation was organized on January 1, 2022. It is authorized to issue 15,000 shares of 8%, 5100 par value preferred stock and 504,000 shares of no par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year JAN 10 Mar 1 Apr 1 May 1 Issued 85,000 shares of common stock for cash at S4 per share Issued 5.150 shares of preferred stock for cash at $110 per share. Issued 22,000 shares of common stock for land. The askine price of the tand was $90,000. The fair value of the land was $84.000 Issued 78,000 shares of common stock for cash at $5.25 per share. Issued 11,000 shares of common stock to attorneys in payment of their bill of $43.000 for services performed in helping the company organize. Issued 12,000 shares of common stock for cash at $7 per share. Issued 1.000 shares of preferred stock for cash at $113 per share. Aug 1 Sept 1 Nov 1 Journalize the transactions (list all debit entries before credit entries. Remand journal entries in the order presented in the problem. Credit accounts retomatically indented when amount isend. Do not indent manually Date Account Titles and Explanation Debit Credit Jan 30 v Cash 325600 Common stock 1620 162 Mart V Apr1 v
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