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search/tayyab.mirza %40tbil.edu?projector 1 Edton.pdf Problems My Accountinglab Set A 18A-1. The following is the Paid-In Capital section of stockholders' equity for the Gracie Corporation on June 1, 201X: 1.01,2 (50 MIN) $ 441,000 115,000 Paid-In Capital: Preferred Stock. $98 par, authorized 23,000 shares, 4,500 shares issued Paid-In Capital in Excess of Par Value-Preferred Stock Common Stock, $27 par, authorized 49,000 shares, 17,000 shares issued Paid-In Capital in Excess of Par Value-Common Stock Total Paid-In Capital 459,000 Check Figure: (2) Total Paid-in Capital $2,820,400 165,000 $1,180,000 The following transactions occurred in th nonths of June and July: 2018 June 1 Issued 3,200 shares of preferred stock at $104 per share. 2 Issued 7,200 shares of common stock at $48 per share. 15 Issued 7,800 shares of common stock at $42 per share. July 2 Issued 4,800 shares of preferred stock at $108 per share. 18 Issued 1,900 shares of common stock in exchange for building and land with fair market value of 562.000 and 354,000, respectively. Corporations: Organizations and Stock 1. Journalize the preceding entries and update the stockholders' equity ledger 2. Prepare a new Paid-In Capital section of stockholders' equity as of July 31, 201x. search/tayyab.mirza %40tbil.edu?projector 1 Edton.pdf Problems My Accountinglab Set A 18A-1. The following is the Paid-In Capital section of stockholders' equity for the Gracie Corporation on June 1, 201X: 1.01,2 (50 MIN) $ 441,000 115,000 Paid-In Capital: Preferred Stock. $98 par, authorized 23,000 shares, 4,500 shares issued Paid-In Capital in Excess of Par Value-Preferred Stock Common Stock, $27 par, authorized 49,000 shares, 17,000 shares issued Paid-In Capital in Excess of Par Value-Common Stock Total Paid-In Capital 459,000 Check Figure: (2) Total Paid-in Capital $2,820,400 165,000 $1,180,000 The following transactions occurred in th nonths of June and July: 2018 June 1 Issued 3,200 shares of preferred stock at $104 per share. 2 Issued 7,200 shares of common stock at $48 per share. 15 Issued 7,800 shares of common stock at $42 per share. July 2 Issued 4,800 shares of preferred stock at $108 per share. 18 Issued 1,900 shares of common stock in exchange for building and land with fair market value of 562.000 and 354,000, respectively. Corporations: Organizations and Stock 1. Journalize the preceding entries and update the stockholders' equity ledger 2. Prepare a new Paid-In Capital section of stockholders' equity as of July 31, 201x