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Would really appreciate some help on this part of the assignment. Thx Cheyenne Corp. was organized on January 1, 2022. It is authorized to issue
Would really appreciate some help on this part of the assignment. Thx
Cheyenne Corp. was organized on January 1, 2022. It is authorized to issue 21,000 shares of 7%, $53 par value preferred stock and 454,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 67,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 1,140 shares of preferred stock for cash at $56 per share. May 1 Issued 112,000 shares of common stock for cash at $7 per share. Sept. 1 Issued 4,400 shares of common stock for cash at $8 per share. Nov. 1 Issued 2,400 shares of preferred stock for cash at $56 per share. Preferred Stock IT Paid-in Capital in Excess of Par Value-Preferred Stock TOUD OUTI TUTI Common Stock Paid-in Capital in Excess of Stated Value-Common Stock LINEStep by Step Solution
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