Grouper Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 July 1 (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Feb. 1 Issued 22,000 shares for cash at $51 per share. Issued 33,000 shares for cash at $56 per share. July 1 $ Assets Cash eTextbook and Media 11 LA Liabilities + $ Common Stock + PIC in Excess of Pai Com.

Preparea tabular summary to record the transactions, Include margin explanations for the changes in revenues and expenses. (II a transaction causes a decrease in Assets, Llabilities or Stockholders' Equity, place a negotive sign (or parentheses) in (ront of the amount entered for the porticular Asset, Liability or Equity item that was reduced.) Srouper Corp, is authorized to issue both preferred and common stock. The par value of the preferred is $50.0. Dring the first year of operations, the compary had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 22,000 shares for cashat \$51 per share. July 1 Issued 33,000 shares for cashat $56 per share. (a) Preparea tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in (ront of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenises. (II o transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)