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Please keep tabular summary and balance sheet in the same format as presented Question 7 TIdal Corporation was organized on January 1, 2017. It saut
Please keep tabular summary and balance sheet in the same format as presented Question 7 TIdal Corporation was organized on January 1, 2017. It saut ized to sue 20,000 shares of 6%, ss $1 per share. The following stock transactions were completed during the first year ar vai e refe ed s ock and S shares of no ar com mon sock h Jan. 10 Issued 70,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 12,000 shares of preferred stock for cash at $53 per share. May 1 Issued 120,000 shares of common stock for cash at $6 per share. Sept. 1 Issued 5,000 shares of common stock for cash at $5 per share Nov. 1 Issued 3,000 shares of preferred stock for cash at $56 per share Prepare a tabular summary to record the transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) Assets Liabilities + Stockholders' Equity Paid-in-Capital Retained Earnings Common PIC in Excess of Par PIC in Excess of Stated Value Com. Stock + + Pref. Stock Value Pref +Revenue Cash Expense Dividend Jan. 10 Mar. 1 May 1 Sept. 1 Nov. 1 Total Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017 TIDAL CORPORATION Partial Balance Sheet
Please keep tabular summary and balance sheet in the same format as presented
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