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Eastport incorporated was organized on June 5, Year 1 It was authorized to issue 340,000 shares of $10 par common stock and 50,000 shares of

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Eastport incorporated was organized on June 5, Year 1 It was authorized to issue 340,000 shares of $10 par common stock and 50,000 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 23,000 shares of common stock for $15 per share 2. Issued 9.000 shares of the class A preferred stock for $30 per share, 3. Issued 41.000 shares of common stock for $18 per share Required a. Prepare generat journal entries for these transactions b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions Complete this question by entering your answers in the tabs below. Required Required Prepare general journal entries for these transactions. If no entry is required for a transaction event, select "No journal entry required in the first accountil) Viewsonil Journal entry worksheet A B C > Complete this question by entering your answers in the tates below. Required Reord Prepare general Journal entries for these transactions. (if no entry is required for a transaction/event, select "No journal entry rouri in the first account field.) View traction Journal entry worksheet B Issued 23,000 shares of common stock for $15 per share. Record the transaction Enter bare General Journal Debe Credit Event 1 View transaction lit Journal entry worksheet issued 41,000 shares of common stock for $18 per share. Record the transaction. Not Enter debit before credits rences Event 3 General Journal Debit Credit Record entry Clear entry View general journal Daud Required a. Prepare general journaient les for these transactions b. Prepare the stockholders' quity section of the balance sheet immediately after these transactions TIE 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. onces Stockholders' equity Total stockholders' equity

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