ustion As a uditor for the CPA firm of Hikson and Calvert you encounter the following in auditing different clients. Prepare the journal entries for each of the stations 1. LR Corporation is a closely held corporation whose sc o t publicly traded on December the compa red and tyg .000 stars of 120 para Common lock. The owners asking price for the land was $120.000, and the one 2. Vera Corporation is a publicly held corporation whose common stock is traded on the securities markets. On re q uired and by si 20.000 shares of 10 stock. At the time of the exchange the land was advertised for sale $250.000. The stock was selling for $11 per share EXERCISE 13.11 The following stockholders'qul u n Eudalley Corporation at December 31, 2020 arrangedh etically are in the $1.500.000 20.000 900.000 Paldin Capitaliness of Per-Preferred Shock Paldin Capital in Essen of Swede -Common och Preferred Stock (%, 5100 part Retained Earnings Treasury Stock (90.000 common shares 2. Prepare the stockholders' equilyestion of the balance sheet December 21,200 PROBLEM 11-4A Peck Corporation is authorized to issue 26,000 shares of oral pre t ek and 125.000 shares of $5 par le common stock. On January 1, 2020 heldigercond the following stockholders uity balance 75.000 Powered Stock (10,000 shares Paldin Capital in Eress of Par-Preferred Common Stock 70.000 shares Paid in Capital in Essess of Par Common Stock During 2020, the following r i cerred 000 preferred t o and Mar su shares of preferred stock for chat per und 16 shares of common stock forc e s hund 400 shares of r ed corp The sing $30.000 Market price for the preferred ich was and the wale for the part was indeterminable bound 1.000 shares of common sector 57.50 per Net income for the year 200.000 No dividend weder Dec. 1 Dec 31 Journaline transactions and the closing for income [Enter the beginning balance in the sand post the jumalates to the stockholders' equity accounts. Use T-accounts: Prepare the stockholders' equity section December 31, 2000 ustion As a uditor for the CPA firm of Hikson and Calvert you encounter the following in auditing different clients. Prepare the journal entries for each of the stations 1. LR Corporation is a closely held corporation whose sc o t publicly traded on December the compa red and tyg .000 stars of 120 para Common lock. The owners asking price for the land was $120.000, and the one 2. Vera Corporation is a publicly held corporation whose common stock is traded on the securities markets. On re q uired and by si 20.000 shares of 10 stock. At the time of the exchange the land was advertised for sale $250.000. The stock was selling for $11 per share EXERCISE 13.11 The following stockholders'qul u n Eudalley Corporation at December 31, 2020 arrangedh etically are in the $1.500.000 20.000 900.000 Paldin Capitaliness of Per-Preferred Shock Paldin Capital in Essen of Swede -Common och Preferred Stock (%, 5100 part Retained Earnings Treasury Stock (90.000 common shares 2. Prepare the stockholders' equilyestion of the balance sheet December 21,200 PROBLEM 11-4A Peck Corporation is authorized to issue 26,000 shares of oral pre t ek and 125.000 shares of $5 par le common stock. On January 1, 2020 heldigercond the following stockholders uity balance 75.000 Powered Stock (10,000 shares Paldin Capital in Eress of Par-Preferred Common Stock 70.000 shares Paid in Capital in Essess of Par Common Stock During 2020, the following r i cerred 000 preferred t o and Mar su shares of preferred stock for chat per und 16 shares of common stock forc e s hund 400 shares of r ed corp The sing $30.000 Market price for the preferred ich was and the wale for the part was indeterminable bound 1.000 shares of common sector 57.50 per Net income for the year 200.000 No dividend weder Dec. 1 Dec 31 Journaline transactions and the closing for income [Enter the beginning balance in the sand post the jumalates to the stockholders' equity accounts. Use T-accounts: Prepare the stockholders' equity section December 31, 2000