Problem 20.5A Issuing stock at par and at premium, preparing Stockholders' Equity section of balance sheet, and recording stock subscriptions. LO 20-6, 207, 20-9, 20-11 points Cate Corp. was organized on March 1, 2019, to operate a delivery service. The firm is authorized to issue 75,000 shares of no par value common stock with a stated value of $100 per share and 30,000 shares of $100 par value, 8 percent preferred stock that is nonparticipating and noncumulative. Selected transactions that took place during March 2019 follow eBook References lei Cash 114 Subscriptions Receivable-Common Stock 115 Subscriptions Receivable-Preferred Stock 301 Common Stock 382 Common Stock Subscribed 305 Paid in Capital in Excess of Stated Value Common 311 Preferred Stock 312 Preferred Stock Subscribed 315 Pald.in Capital in Excess of Par Value-Preferred DATE TRANSACTIONS March 1 The corporation received its charter (Make a memorandum entry) 1 Issued 625 shares of common stock for cash at $100 per share to Jerri Harris. 3 Issued 375 shares of preferred stock for cash at par value to Gloria Amos. 5 Issued 375 shares of common stock for cash at $106 to Carolyn Reed. 5 Received a subscription for 425 shares of common stock at $106 per share from Joan Patterson, payable in two installments due in 10 and 20 days. 14 Received a subscription for 275 shares of preferred stock at $108 per share from Robert Tolliver, payable in two installments due in 15 and 30 days. 20 Received payment of a stock subscription installment due from Joan Patterson nu 2 of Next > Problem 20.5A Issuing stock at par and at premium, preparing Stockholders' Equity section of balance sheet, and recording stock subscriptions. LO 20-6, 20-7, 20-9, 20-11 Cate Corp. was organized on March 1, 2019, to operate a delivery service. The firm is authorized to issue 75,000 shares of no-par- value common stock with a stated value of $100 per share and 30,000 shares of $100 par value, 8 percent preferred stock that is nonparticipating and noncumulative. Selected transactions that took place during March 2019 follow eBook Print References lei Cash 114 Subscriptions Receivable-Common Stock 115 Subscriptions Receivable-Preferred Stock 301 Common Stock Ja2 Common Stock Subscribed 385 Paid in Capital in Excess of Stated Value Common 311 Preferred Stock 312 Preferred Stock Subscribed 315 Pald.in Capital in Excess of Par Value-Preferred DATE TRANSACTIONS March 1 The corporation received its charter (Make a memorandum entry) 1 Issued 625 shares of common stock for cash at $100 per share to Jerri Harris 3 Issued 375 shares of preferred stock for cash at par value to Gloria Amos. 5 Issued 375 shares of common stock for cash at $106 to Carolyn Reed. 5 Received a subscription for 425 shares of common stock at $106 per share from Joan Patterson, payable in two installments due in 10 and 20 days. 14 Received a subscription for 275 shares of preferred stock at $108 per share from Robert Tolliver, payable in two installments due in 15 and 30 days. 20 Received payment of a stock subscription installment due from Joan Patterson nu 2 of Next > 14 Received a subscription for 275 shares of preferred stock at $108 per share from Robert Tolliver payable in two installments due in 15 and 30 days 20 Received payment of a stock subscription installment due from Joan Patterson fone-half of the purchase price see March 5 transaction 29 Received payment of a stock subscription installment due from Robert Tolliver fone-half the purchase price see March 14 transaction 30 Received the balance due on the stock subscription of March 5 from Joan Patterson issued the stock points Required: 1. Record in general journal form the transactions listed above, and post them to the general ledger accounts. 2. Prepare the Stockholders' Equity section of a balance sheet for Cate Corporation, as of March 2013 Analyze: What percentage of total stockholders' equity is held by common stockholders? Complete this question by entering your answer in the tabs below. Ledger Accounts Balance Sheet Analyze Record in general journal form the transactions listed above. View transaction list Journal entry worksheet Prey 2 of 4 Next > Problem 20.5A Issuing stock at par and at premium, preparing Stockholders' Equity section of balance sheet, and recording stock subscriptions. LO 20-6, 207, 20-9, 20-11 points Cate Corp. was organized on March 1, 2019, to operate a delivery service. The firm is authorized to issue 75,000 shares of no par value common stock with a stated value of $100 per share and 30,000 shares of $100 par value, 8 percent preferred stock that is nonparticipating and noncumulative. Selected transactions that took place during March 2019 follow eBook References lei Cash 114 Subscriptions Receivable-Common Stock 115 Subscriptions Receivable-Preferred Stock 301 Common Stock 382 Common Stock Subscribed 305 Paid in Capital in Excess of Stated Value Common 311 Preferred Stock 312 Preferred Stock Subscribed 315 Pald.in Capital in Excess of Par Value-Preferred DATE TRANSACTIONS March 1 The corporation received its charter (Make a memorandum entry) 1 Issued 625 shares of common stock for cash at $100 per share to Jerri Harris. 3 Issued 375 shares of preferred stock for cash at par value to Gloria Amos. 5 Issued 375 shares of common stock for cash at $106 to Carolyn Reed. 5 Received a subscription for 425 shares of common stock at $106 per share from Joan Patterson, payable in two installments due in 10 and 20 days. 14 Received a subscription for 275 shares of preferred stock at $108 per share from Robert Tolliver, payable in two installments due in 15 and 30 days. 20 Received payment of a stock subscription installment due from Joan Patterson nu 2 of Next > Problem 20.5A Issuing stock at par and at premium, preparing Stockholders' Equity section of balance sheet, and recording stock subscriptions. LO 20-6, 20-7, 20-9, 20-11 Cate Corp. was organized on March 1, 2019, to operate a delivery service. The firm is authorized to issue 75,000 shares of no-par- value common stock with a stated value of $100 per share and 30,000 shares of $100 par value, 8 percent preferred stock that is nonparticipating and noncumulative. Selected transactions that took place during March 2019 follow eBook Print References lei Cash 114 Subscriptions Receivable-Common Stock 115 Subscriptions Receivable-Preferred Stock 301 Common Stock Ja2 Common Stock Subscribed 385 Paid in Capital in Excess of Stated Value Common 311 Preferred Stock 312 Preferred Stock Subscribed 315 Pald.in Capital in Excess of Par Value-Preferred DATE TRANSACTIONS March 1 The corporation received its charter (Make a memorandum entry) 1 Issued 625 shares of common stock for cash at $100 per share to Jerri Harris 3 Issued 375 shares of preferred stock for cash at par value to Gloria Amos. 5 Issued 375 shares of common stock for cash at $106 to Carolyn Reed. 5 Received a subscription for 425 shares of common stock at $106 per share from Joan Patterson, payable in two installments due in 10 and 20 days. 14 Received a subscription for 275 shares of preferred stock at $108 per share from Robert Tolliver, payable in two installments due in 15 and 30 days. 20 Received payment of a stock subscription installment due from Joan Patterson nu 2 of Next > 14 Received a subscription for 275 shares of preferred stock at $108 per share from Robert Tolliver payable in two installments due in 15 and 30 days 20 Received payment of a stock subscription installment due from Joan Patterson fone-half of the purchase price see March 5 transaction 29 Received payment of a stock subscription installment due from Robert Tolliver fone-half the purchase price see March 14 transaction 30 Received the balance due on the stock subscription of March 5 from Joan Patterson issued the stock points Required: 1. Record in general journal form the transactions listed above, and post them to the general ledger accounts. 2. Prepare the Stockholders' Equity section of a balance sheet for Cate Corporation, as of March 2013 Analyze: What percentage of total stockholders' equity is held by common stockholders? Complete this question by entering your answer in the tabs below. Ledger Accounts Balance Sheet Analyze Record in general journal form the transactions listed above. View transaction list Journal entry worksheet Prey 2 of 4 Next >