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i need it asapppp plzZZ DeLong Corporation was organized on January 1,2022: It is authorized to issue 10,000 shares of 8%,$100 par value preferred stoch
i need it asapppp plzZZ
DeLong Corporation was organized on January 1,2022: It is authorized to issue 10,000 shares of 8%,$100 par value preferred stoch and 500.000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the furst year. Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 5,000 shares of preferred stock for cashat $105 per share. Apri 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000 May 1 Issued 80,000 shares of common stock for cash at $4.50 per share. Aug 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize. Sept. 1 Issued 10,000 shares of common stock for cash at $5 per share. Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share. Prepare the paid in capital section of stockdolders' equity at December 31, 2022. Enter the account name only and do not provide Step by Step Solution
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