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The additional photos are options to go in the boxes on the left. Dollar amounts go on the right. Please help. Eastport Inc. was organized
The additional photos are options to go in the boxes on the left. Dollar amounts go on the right. Please help.
Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 490,000 shares of $10 par common stock and 40,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport Inc.: 1. Issued 21,000 shares of common stock for $15 per share. 2. Issued 8,000 shares of the class A preferred stock for $25 per share. 3. Issued 44,000 shares of common stock for $18 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized. EASTPORT INC. Balance Sheet (partial) For the Year Ended Year 1 Stockholders' Equity Total Paid-In Capital $ 0 Total stockholders' equity $ 0 Appropriated retained earnings Cash Common stock Dividends payable Land Operating expenses Paid-in capital in excess of cost Paid-in capital in excess of par, CS Paid-in capital in excess of SV, CS Paid-in capital in excess of SV, PS Preferred stock Retained earnings Service revenue Treasury stockStep by Step Solution
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