On May 10, Swifty Corporation isgues 2,900 shares of $10 par value commonstock for cash at $18 per share. Jourcalic the issuance of the stock, a hist all debit entries before credit entries. Credit occount tities ore outomatically indented when amount Isentered. Do not indent manuallyd On June 1. Pronghorn inc issues 3,200 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares assuming the stock has a stated value of \$2 per share. (Lht all debit entries before orndit entrias Credit account titles are outomatically indented when amount is entered, Do not indent manually) Blue Spruce inc issues 4.050 shares of $100 par value preferred stock for cash at $145 per share. Journalize the issuance of the preferred stock. (Lst ali debit entries before credit entries. Credit dactount titles are outomatically indented when amount is entered. Do not indent mapually.) Bridgeport Corporation was arganized on danuary 1,202.2. it is authorized to issue 14,500 shares of 8%.5100 pur value preferred stock and 464,000 shares of no-par cominon stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 bsued 81.500 shares of comunon stock for cash at 56 per stare. Mar, 1 Wsued 4.300 ahares of prefered stock for canh at 5110 per share: Apf. 1. Issued 22,500 thares of cormenstock for land. The atkinfprice of the land was $47,000. The fair value of the tand was 983.500 May 1 lswed 65,000 thares of comiman steck for cashat 54.75 per ahe Aue 1 fsoed 12.000 stares of corrmon stock to attomers in paxment of their bill of $40.500 for senves performed in. heiping the comgany organise. Sept: I Issued 12.000 stares of commenstock for cach at 56 per share. Nov. 1 isrued 2.500 shares of preferred stock for cash at $114 per share Question 4 of 4 Question 4 of 4 11 eTentbookind Media (b) BRIDGEPORT CORPORAIIUN Balance Sheet (Partial) Additional Pald-in Cavital Cagitar Stock Current Assets Current Lisbilities Expiting Intwbe Assets Lons teralminstments Long-terin Labilities Net income / (Loss) Paidfin Capital Property, Pant and Equlgenent Perenues 5todtoiders' Eouly Total Additional Paid in Capitall Totrifssets Total Capital Stock Total Cutrent Assets TotalCurrent tiabilitie Tatalfxpenes efextbook and Media Attempts: 0 of 3 used sutnt Anwer: Prepare the paid-in capital section of stockholders' equity at December 31,2022 . (Enter the occount name only and do not provide
