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On January 1, 2022 Bridgeport Corp had these stockholders' equity accounts Common Stock ($10 par value, 66,500 shares issued and outstanding) $665,000 Paid-in Capital in

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On January 1, 2022 Bridgeport Corp had these stockholders' equity accounts Common Stock ($10 par value, 66,500 shares issued and outstanding) $665,000 Paid-in Capital in Excess of Par Value 481,500 Retained Earnings 615,000 Jan 15 During the year, the following transactions occurred. Declared a $0,40 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Pald the dividend declared in January . 15 Dedared a 10% stock dividend to stockholders of fecord on April 30, distributable May 15 on April 15, the mariaat price of the stock was 516 per share. May 15 Issued the shares for the stock dividend. Dec Declared a $0.50 per share cash dividend to stockholders of recorubin December 15, payable January 10, 2023 Dec 31 Determined that net Income for the year was $333.000. 1 a) Journals the traction (include entre to close et conse and dividends to Retained Emine (Record entries in the order displayed in the problem statement Credit account titles ou outomatically indented when amount is entered. Do not inden monu no entry is required, select 'No Entry for the account title and enter for the amounts) Debit Credit Date Account Titles and Explanation Journalize the transactions. (Include entries to dose net income and dividengs to Retained Earnings. Record entries in the order dised in the problem statement Credit accounts aromatically indented when amount interd. Do not indent morali no embry is required select "No Entry for the counties and enter for the amounts) Date Account Titles and Explanation Debit Cred To cosa net income To close to as To close cash

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