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Post to the stoc ho desequity accounts. Post entries in the order of journal entries posted in the previous part.) Preferred Stock Paid-in Capital in
Post to the stoc ho desequity accounts. Post entries in the order of journal entries posted in the previous part.) Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Sheffield Corp. was organized on January 1, 2017. It is authorized to issue 21,300 shares of 7%, $53 par value preferred stock and 465,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. . 10 Jan. Mar 1 Paid-in Capital in Excess of Stated VakieCommon Stock May 1 Issued 72.500 shares of common stock for cash at $5 per share. Issued 1,250 shares of preferred stock for cash at $56 per share. Issued 117,500 shares of common stock for cash at $6 per share. Issued 5,500 shares of common stock for cash at $9 per share. Issued 3,500 shares of preferred stock for cash at $60 per share. Sept. 1 Nov 1 Journalize the transactions (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Fntry for the account titles and enter for the amounts.) Prepare the paid in capital portion of the stockholders' equity section at December 31, 2017 Date Account Titles and Explanation Debit Credit SHEFFIELD CORP. Partial Balance Sheet +
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