rzed on January 1,2020 res of 8%, $100 par ares of no- par alue of $2 per Share, ons were completed during Bridgeport Corporation was organized on It is authorized to issue 15,000 Shares of value Preferred stock, and 504,000 Shares of common stock with a stated value of the The following stock transactions were comples the first year. Jan. 1o-Issued 85,000 shares of common stock for cash at 891 - Share. Mar. 1-Issued 5,150 Shares of preferred stock for cash at all Per Share. Apr. 1-Issued 22,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $84.000. May 1-Issued 78,000 Shares of common stock for cash at $5.25 por share. Aug 1-issued 11,000 Shares of common stock to attorneys in Payment of their bill of $43,000 for services Performed in helping the company organize Sept. 1-Issued 12,000 shares of common stock for cash at $7 Per share, NOV. 1-Issued 1,000 shares of Preferred stock for cash at $113 per share Journalize the transactions (record journal entries Torder Presented in the problem. Credit account title automatically indented when amount is entered a mull.) - u entries in the went titles are is entered. Do not indent credit Account Titles and Explanation Debit Post the to the stockholders equity account order of Journal entries shown in the Preferred Stock te accounts, post entries in hin the previous parte) Common Stock Paid-in capital in excess of Par-Preferred Stock Reid-in capital in Excess of state Value-Common Stock section of stockholders' e built hame only and in provided information Prepare the paid-in Capital Section of at December 31, 2020. (Enter the a do not provide the descriptive informatie the question) Bridgeport Corporation Balance Sheet (Partial)