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 issued 79,400 shares for cash at $10 per share.

July 1 issued 126,000 shares for cash at $111 per share.

(B) Post to the stockholders equity accounts. (Use T-accounts.) (Post entries in the order of journal entries posted in precious part)

Corp. is Y (b) ) (Post entries in the order of journal entries posted in the previous part.)