Exercise 8-12 During its first year of operations, Bridgeport Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,300 shares for cash at $6 per share. July 1 Issued 51,500 shares for cash at $8 per share. Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $6 per share. (If a transaction cau parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Stockholders' Equity Paid-in-Capital + Common Stock + PIC in Excess of Par Com. + Revenue Retained Earnings - Expense - Cash Dividen Jan. 10 July 1 LINK TO TEXT Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $1 per share. (If a transaction causes parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Paid-in-Capital Retained Earnings Cash + Common Stock + PIC in Excess of Par Com. + Revenue Expense Dividend Jan. 10 July 1 LINK TO TE