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Bridgeport Corp. was organized on January 1,2025. It is authorized to issue 20,500 shares of 7%,$50 par value preferred stock and 453,000 shares of no-par

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Bridgeport Corp. was organized on January 1,2025. It is authorized to issue 20,500 shares of 7%,$50 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 $3 per share. Mar. 1 Issued 12,500 shares of preferred stock for cash at $53 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 \$4 per share. Nov. 1 Issued 2,300 shares of preferred stock for cash at $56 per share. (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Journalize the transactions. (Record joumal entries in the order presented in the problem. Credit account tilles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List ali debit entrles before credit entries.)

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