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Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 300,000 shares of $8 par common stock and 30,000 shares of

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Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 300,000 shares of $8 par common stock and 30,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Eastport Incorporated: 1. Issued 17000 shares of common stock for $13 per share. 2. Issued 11,000 shares of the class A preferred stock for $30 per share. 3. Issued 56,000 shares of common stock for $16 per share. Required a. Prepare general journal entries for these transactions b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the stockholders' equity section of the balance sheet immediately after these transactions $ Stockholders' equity Common stock Preferred stock Paid-in capital in excess of par value-common stock Pald-in capital in excess of stated value preferred stock Paid.in capital in exorta of cost of treasury stock Appropriated retained earnings Total stockholders' equity 3 OOO 730,000 275,000 1,128,000 55,000 2,188,000 0 4,376,000 s Required A Renned Journal entry worksheet

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