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Bridgeport Corp was organized on January 1, 2022. It is authorized to issue 20,500 shares of 7% 553 par value preferred stock and 453.000 shares

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Bridgeport Corp was organized on January 1, 2022. It is authorized to issue 20,500 shares of 7% 553 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 57 per share. Nov. 1 Issued 2,300 shares of preferred stock for cash at $58 per share Journalize the transactions. Record journal entries in the order presented in the problem. 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) Date Account Titles and Explanation Debit Credit Jan 10 Cash 266000 00 Common Stock Pald in Capital in Excess of stated Value Common Stock 199500 Mar. 1 59090 Preferred Stock Date Account Titles and Explanation Debit Credit Jan. 10 266000 Common Stock 66500 Paid-in Capital in Excess of Stated Value Common Stock 199500 Mar, 1 Cash 63280 Preferred Stock 59890 Paid-in Capital in Excess of Par Value-Preferred Stock 3390 May 1 Cash 557500 Common Stock 111500 Paid-in Capital in Excess of Par Value Preferred Stock 446000 Sept. 1 Cash 30100 Common Stock 4200 Paid-in Capitalin Excess of Stated Value Common Stock 25800 Now, 1 v Cash 133400 Common Stock 4300 Paid in Capital in Excess of Stated Value-Common Stock 25800 Nov. 1 v Cash 133400 Preferred Stock 121900 Paid in Capital in Excess of Par Value-Common Stock 11500 e Textbook and Media List of Accounts Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock 31 59890 11/1 121900 12/31 Bal 181790 Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous Preferred Stock 3/1 59890 11/1 121900 12/31 Bal. 181790 Paid-in Capital in Excess of Par Value-Preferred Stock 3390 11500 12/31 Bal. 14890 Common Stock 1/10 3390 111500 4300 12/31 Bal. 182300 Common Stock 1/10 3390 111500 4300 12/31 Bal. 182300 Paid-in Capital in Excess of Stated Value-Common Stock 1/10 199500 5/1 111500 9/1 25800 12/31 Bal. 671300 D tockholders equity section at December BRIDGEPORT CORP Partial Balance Sheet For the Year Ended December 312

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