Enstport incorporated was organized on June 5, Year 1 it was authorized to issue 380,000 shares of $9 par common stock and 55.000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated vatue of $25 per share. The following stock transactions pertain to Eastport lncorporated 1. Issued 16,000 shares of common stock for $14 per share. 2. 1ssued 11,000 shares of the class A preferred stock for $30 per shase 3. Issued 49,000 shares of common stock for $17 per share. Required a. Prepare general journal entries for these transactions. b. Prepore the stockholders' equity section of the balance sheet immediately after these transoctions. Complete this question by entering your answers in the tabs below. Prepare general fournal entries for these transactions. (tf no entry is required for a transetion/event, seiect "Wo journal entry required" in the fint account field.? Journal entry worksheet Issued 16,000 shares of common stock for $14 per share. Mecord the transactien. Eastport incorporated was organized on June 5. Year 1 it was authorized to issue 380.000 shares of $9 par common stock and 55.000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of 525 per share. The following stock transactions pertain to Eastport incorporated: 1. Issued 16,000 shares of common stock for $14 per share. 2. Issued 11000 shares of the class A prefered stock for $30 per thare. 3. Issued 49,000 shares of common stock for $17 per share. Required a. Prepare general journal enties for these transactions b. Prepare the stochholders' equily section of the balence sheet immediately afer these transactions. Complete this question by entering your answers in the tabs below. Prepare general journal entries for these transwctons. (If no entry is required for a tramsctionyevent, seiect "No foumal entry required" in the first account feid.) Journal entry worksheet Issutd 11,000 shares of the can A preterred stock for 130 per share. Aeceed the transaction. Eastport incorporated was organized on June 5, Year 1 . it was auhiorized to isse 380.000 shares of $9 par common stock and 55,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of 525 per share. The following stock tansactons pertain to Eastport incorporatedt 1. Issued 16,000 shares of commen stock for 5 her shore 2. Issued 11,000 shares of the class A preterted stock for $30 per share. 3. Issued 49,000 shares of commen slock for $17 per share. Required 4. Prepare general journal entries for these transactions. b. Prepare the soctholders' equity section of the balance sheet immedately afier these transactions Complete this question by entering rour answers in the tabs below. Prepare general joumal entries for these tramactions. (If no entry is tequired for a tramsactionvevent, ceiect "No joumal entry roquired" in the first bcowunt field.) Journal entry worksheet twued 49,000 shares of common steck for 417 per share. Aeceed the trancactign. Eastport incorporated was organized on June 5, Year 1. It was authorized to issue 380,000 shares of $9 par common stock and 55,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $2.5 per share. The following stock transactions pertain to Eastport incorporated: 1. Issued 16,000 shares of common stock for $14 per share. 2. Issued 11,000 shares of the class A preferred stock for $30 per share. 3. Issued 49,000 shares of common stock for $17 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. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet immediately after these transactions