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ma.edu/courses/2869/assignments/42954 Question 4 View Policies Current Attempt in Progress Delong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of

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ma.edu/courses/2869/assignments/42954 Question 4 View Policies Current Attempt in Progress Delong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 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 yea Apr Jan 10 Issued 80,000 shares of common stock for cash at 54 per share. Mar. 1 Issued 5,000 shares of preferred stock for cash at $105 per share. 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 sa fooo. May 1 Issued 80,000 shares of common stock for cash at $4.5 per share. Aue 1 Issue 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company 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. organize. Journalize the transactions. (Recordjoumal entries in the order presented in the problem Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit MacBook AS $ 4 3 % 5 & 7 6 8 9 0 R. T Y U P D F H J V B N. M Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do not prov information provided in the question.) DELONG CORPORATION Balance Sheet (Partial) $ $ Taxthonband Media 17 A MacBook Air 80 % 5 & 7 6 8 9 0 E R. T Y U 0 ma.edu/courses/2869/assignments/42954 Question 4 View Policies Current Attempt in Progress Delong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 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 yea Apr Jan 10 Issued 80,000 shares of common stock for cash at 54 per share. Mar. 1 Issued 5,000 shares of preferred stock for cash at $105 per share. 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 sa fooo. May 1 Issued 80,000 shares of common stock for cash at $4.5 per share. Aue 1 Issue 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company 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. organize. Journalize the transactions. (Recordjoumal entries in the order presented in the problem Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit MacBook AS $ 4 3 % 5 & 7 6 8 9 0 R. T Y U P D F H J V B N. M Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do not prov information provided in the question.) DELONG CORPORATION Balance Sheet (Partial) $ $ Taxthonband Media 17 A MacBook Air 80 % 5 & 7 6 8 9 0 E R. T Y U 0

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