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Need help with he balance sheet. Have provided copy of my work up until that point. 2. Issued 10,000 shares of the class A preferred
Need help with he balance sheet. Have provided copy of my work up until that point.
2. Issued 10,000 shares of the class A preferred stock for $35 per share. 3. Issued 59,000 shares of common stock for $17 per share. Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare general journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event General Journal Debit A 1 Cash 308,000 Common stock OOO Paid-in capital in excess of par value-common stock B 2 Cash 350,000 Preferred stock Paid-in capital in excess of stated value-preferred stock 3 1,003,000 Cash Common stock Paid-in capital in excess par value-common stock Recruire Required U7 5 Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 450,000 shares of $9 par common stock and 25,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $30 per share. The following stock transactions pertain to Eastport Incorporated: 16.67 points 1. Issued 22,000 shares of common stock for $14 per share. 2. Issued 10,000 shares of the class A preferred stock for $35 per share. 3. Issued 59,000 shares of common stock for $17 per share. Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. X Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Paid-in capital excess of par value-common stock Paid-in capital in excess of stated value-preferred stock Common stock Paid-in capital excess of par value-common stock x Total stockholders' equity $ 0
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