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Journalize stock transactions, post, and prepare paid-in capital section. DeLong Corporation was organized on January 1. 2017. It is authorized to issue 10.000 shares of
Journalize stock transactions, post, and prepare paid-in capital section. DeLong Corporation was organized on January 1. 2017. It is authorized to issue 10.000 shares of 8%, $I00 par value preferred stock, 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 first year. Instructions: (a) Journalize the transactions. (b) Post to the stockholders' equity accounts. (c) Prepare the paid-in capital section of stockholders' equity at December 31, 2017
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