The charter for WPAC-TV, Inc. authorizes the company to issue 100,000 shares of $2, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase, WPAC TV sompleted the following transactions (Click on the icon to view the transactions) Requirements Read the requirements Sep. 6: Issued 225 shares of common stock to the promoters who organized the corporation, receiving cash of $6,750 Debit Credit 1. Record the transactions in the general journal. 2. Prepare the stockholders equity section of the WPAC-TV balance sheet at Date Accounts and Explanation September 30, 2018, assuming WPAC-TV, Inc. had net income of $32,000 for the month. Sep. 6 More Info Sep. 12: Issued 650 shares of preferred stock for cash of $22,000. Sep. 6 Issued 225 shares of common stock to the promoters who organized the corporation receiving cash of $6,750 12 Issued 650 shares of preferred stock for cash of $22,000. 14 Issued 1,400 shares of common stock in exchange for land with a market value Debit Credi Date Accounts and Explanation Sep. 12 of S23,000 Print Done Choose from any list or enter any number in the input fields and then continue to the next question The charter for WPAC-TV, Inc. authorizes the company to issue 100,000 shares of $2, no-par preferred stock and 500,000 shares of common stock with $i par value. During ts start-up phase WPAC-TV completed the following transactions: (Click on the icon to view the transactions) Read the requirements. 6 14: Issued 1,400 shares of common stock in exchange for land with a market value of $23,000. Record the transactions in the general mal. Prepare the stockholders' equity section of September 30, 2018,assuming WPAC-TV, Inc. had net income of $32.000 for the month. 1. 2. Date Accounts and Explanation Debit Credit the WPAC-TV balance sheet at Sep. 14 More Info Requirement 2. Prepare the stockholders' equity section of the WPAC -TV balance sheet at September Sep. 6 Issued 225 shares of common stock to the promoters who organized the corporation WPAC-TV, Inc. Balance Sheet (Partial) September 30, 2018 Stockholders' Equity receiving cash of $6,750 12 Issued 650 shares of preferred stock for cash of $22,000. 14 issued 1,400 shares of common stock in exchange for land with a market value of $23,000. Paid-In Capital: Print Done ist or enter any number in the input fields and then continue to the next question. AC-TV, Inc. authorizes te company to issue 100,000 shares of $2. n par preferred stok and sooo WPAC-TV completed the following transactions shares of common slock with $5 par valve During ts startup phase, domen ma (Click on the icon to view the transactions) Read the requirements Requirement 2 Prepare the stockholders' equity section of the WPAC-TV balance sheet at September 30, 2018 as Requirements 1. Reed te sein " -ang 2. Prepare the stockholders equity section of the WPAC-TV balance sheet at WPAC-TV, Inc. Balance Sheet (Partial) September 30, 2018 Stockholders Equity September 30, 2018, assuming WPAC-TV, Inc had net income of $32,000 for the month. More Info Paid-In Capital Sep. 6 issued 225 shares of common stock to the promaters who organized the receriving cash of $8,750 12 Issued 650 shares of preferred stock for cash of $22 000 14 Issued 1,400 shares of common stock in exchange for land with a market value of $23,000 Total Paid-In Capital Print Done Total Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next