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Bridgeport Corp. was organized on January 1, 2022. It is authorized to issue 20,500 shares of 7%, $53 par value preferred stock and 453,000 shares
Bridgeport Corp. was organized on January 1, 2022. It is authorized to issue 20,500 shares of 7%, $53 par value preferred stock and 453,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.
Jan. 10 Issued 66,500 shares of common stock for cash at $4 per share.
Mar. 1 Issued 1,130 shares of preferred stock for cash at $56 per share.
May 1 Issued 111,500 shares of common stock for cash at $5 per share.
Sept. 1 Issued 4,300 shares of common stock for cash at $7 per share.
Nov. 1 Issued 2,300 shares of preferred stock for cash at $58 per share
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