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help please Martinez Corporation was organized on January 1.2022. It is authorized to issue 12,000 shares of 8%,5100 par value preferred stock, and 513,000 shares
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Martinez Corporation was organized on January 1.2022. It is authorized to issue 12,000 shares of 8%,5100 par value preferred stock, and 513,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first yoar. Jan. 10 Issued 77.000 shares of common stock for cashat $6 per share. Mar. 1 Issued 4,300 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 25,000 shares of common stock for land. The asking price of the land was $93,000. The fair value of the iand was $84,500. May 1 Issued 76,000 shares of common stock for cash at $4.50 per share. Aug. 1 Issued 12,000 shares of common stock to attorneys in payment of their bill of $36,000 for services performed in helping the company organize. Sept. 1 Issued 10,500 shares of common stock for cash at $7 per share. Nov. 1 Issued 1,000 shares of preferred stock for cash at $112 per share. Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the p. Question 1 of 3 Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-in capital section of stockholder's' equity at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) Step by Step Solution
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