Exercise 11-9A (Algo) Recording and reporting common and preferred stock transactions LO 11-4 Eastpor incorporated was organized on June 5, Year t. It was authorized to issue 420,000 shares of $11 par common stock and 40,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport incorporated 1. Issued 19,000 shares of common stock for $16 per share. 2. Issued 12,000 shares of the class A preferred stock for $25 per share. 3. Issued 58,000 shares of common stock for $19 per share. Required a. Pregare general journal entries for these transactions. b. Prepare the stockhoiders' equity section of the balance sheet immediately after these transactions. Complete this question by entering your answers in the tabs below, Prepare general foumal entries for these transactions. (If no entry is required for a transaction/event, select "No fournat entry required" in the firt account field.) Exercise 11-9A (Algo) Recording and reporting common and preferred stock transactions LO 11-4 Eastpont incorporoted was organized on June 5, Yene 1. it was authorized to issue 420,000 shares of $11 par common stock and 40.000 shares of 4 percent cumulatve class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport incorporated: 1. Issued 19,000 shates of common stock for $16 per share. 2. Issued 12.000 shares of the class A prefetred stock for $25 per share. 3. Issued 58.000 shates of common stock for $19 per share. Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transoctions. Complete this question by entering your answers in the tabs below. Prepare the stockholbers' equity section of the balance cheet immediately after these transactionk. Journal entry worksheet Issued 19,000 shares of common stock for $16 per share. Record the transaction. Note: Enter debits before credits. Prepare general joumal entries for these transactions. (If no entry is required for a transaction/event, seloct "No journal entry required" in the first account field.) Journal entry worksheet Issued 12,000 shares of the class A preferred stock for $25 per share. Record the transaction. Note- Enter debits before crected. Journal entry worksheet A Issued 58,000 shares of common stock for $19 per share. Record the transaction. Note: Enter debits before credits: Exercise 11-9A (Algo) Recording and reporting common and preferred stock transactions LO 11-4 Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 420,000 shares of $11 par common stock and 40,000 shares of 4 percent cumulative class A preferted stock. The class A stock had o stated value of $20 per share. The following stock transactions pertain to Eastport Incorperated 1. Issued 19,000 shares of common stock for $16 per shere. 2. Issued 12,000 shares of the class A preferred stock for $25 per share. 3. Issued 58,000 shares of common stock for $19 per share. Required a. Prepare general journal entries for these transactions. b. Prepare the stocktiolders' equity section of the bolance sheet immediatoly after these transoctions. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet immediately after these transactions