Problem 13-06A a-b (Video) Bridgeport Corporation has been authorized to issue 21,000 shares of $100 par value, 10%, preferred stock and 1,037,500 shares of no par common stack. The corporation assigned a $2.50 stated pertaining to stockholders' equity. Preferred Stock $125.000 Paid-in Capital in Excess of Par-Preferred Stock 15,000 Common Stock 1,037,500 Paid-in Capital in Excess of Stated Value-Common Stock 1,452,500 Treasury Stock (1,040 common shares) 11,440 Paid-in Capital from Treasury Stock 1,560 Retained Earnings 83,000 Accumulated Other Comprehensive Income 50,000 The preferred stock was issued for land having a fair value of $140,000. All common stock issued was for cash. In November, 1,560 shares of common stock were purchased for the treasury at a pers dividends were declared in 2020. Prepare the journal entries for the: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash No. Account Titles and Explanation Debit Credit 1. SH LIST OF ACCOUNTS HI CASCO PRINTER VERSION BACK NEXT 100 par value, 10%, preferred stock and 1,037,500 shares of no-par common stock. The corporation assigned a $2.50 stated value to the common stock. At December 31, 2020, the leger contained the following balances 30 50 00 40 50 300 500 All common stock bad was for cash. In November, 1.500 shares of common stock were purchased for the treasury ata per share cost of $11. in December 520 shares of treasury stock were sold for 514 per share. No matically indented when amount is entered. Do not indent manually.) Credit 9:42 AM 7/22/2020 E590 LUTER ACES LINU SEAN Prepare the stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) BRIDGEPORT CORPORATION Balance Sheet (Partial) $ Study Click of you would like to Show Work for this question: GeenShort Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO SIRILAR PROFLER Type here to search