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PLEASE Answer in the provided format Swifty Corporation was organized on January 1, 2022. It is authorized to issue 19,700 shares of 7%, $52 par
PLEASE Answer in the provided format
Swifty Corporation was organized on January 1, 2022. It is authorized to issue 19,700 shares of 7%, $52 par value preferred stock and 471,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.
Jan. | 10 | Issued 65,100 shares of common stock for cash at $4 per share. | |
Mar. | 1 | Issued 1,155 shares of preferred stock for cash at $56 per share. | |
May | 1 | Issued 120,500 shares of common stock for cash at $6 per share. | |
Sept. | 1 | Issued 6,100 shares of common stock for cash at $7 per share. | |
Nov. | 1 | Issued 4,100 shares of preferred stock for cash at $54 per share. |
PLEASE Answer in the provided format
SWIFTY CORPORATION Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock $ 286080 Common Stock 191700 Total Capital Stock 477780 Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred Stock 12820 Paid-in Capital in Excess of Stated Value-Common Stoch 834400 Total Additional Paid-in Capital 847220 Total Paid-in Capital $ $ 1325000Step by Step Solution
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