1, 2022. It is authorized to issue 14,000 shares of 8%, $100 par value preferred st and 511,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 Apr. May 1 Aug. 1 Sept. 1 Nov. 1 (a) 1 (b) (c) Issued 82,000 shares of common stock for cash at $6 per share. Issued 4,850 shares of preferred stock for cash at $105 per share. Issued 25,000 shares of common stock for land. The asking price of the land was $93,000. The fair value of the land was $82,000. Issued 76.500 shares of common stock for cash at $4.50 per share. Issued 11,000 shares of common stock to attorneys in payment of their bill of $41.500 for services performed in helping the company organize. Issued 12,000 shares of common stock for cash at $7 pershare. Issued 2,500 shares of preferred stock for cash at $112 per share. Prepare the paid-in capital section of stockholders' equity at December 31, 2022 Venter the occoont comme only and do not provide the descriptive information provided in the question.)
1, 2022. It is authorized to issue 14,000 shares of 8%, $100 par value preferred st and 511,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 Apr. May 1 Aug. 1 Sept. 1 Nov. 1 (a) 1 (b) (c) Issued 82,000 shares of common stock for cash at $6 per share. Issued 4,850 shares of preferred stock for cash at $105 per share. Issued 25,000 shares of common stock for land. The asking price of the land was $93,000. The fair value of the land was $82,000. Issued 76.500 shares of common stock for cash at $4.50 per share. Issued 11,000 shares of common stock to attorneys in payment of their bill of $41.500 for services performed in helping the company organize. Issued 12,000 shares of common stock for cash at $7 pershare. Issued 2,500 shares of preferred stock for cash at $112 per share. Prepare the paid-in capital section of stockholders' equity at December 31, 2022 Venter the occoont comme only and do not provide the descriptive information provided in the question.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:CURCord Corporation was organized on January 1, 2022. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock,
and 511,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed
during the first year.
Jan. 10
Mar.
Apr
May
Aug.
(a)
(b)
1
(c)
1
Sept. 1
Nov. 1
1
1
Issued 82,000 shares of common stock for cash at $6 per share.
Issued 4,850 shares of preferred stock for cash at $105 per share.
Issued 25,000 shares of common stock for land. The asking price of the land was $93,000. The fair value of the land
was $82,000.
Issued 76.500 shares of common stock for cash at $4.50 per share.
Issued 11,000 shares of common stock to attorneys in payment of their bill of $41.500 for services performed in
helping the company organize.
Issued 12,000 shares of common stock for cash at $7 pershare.
Issued 2.500 shares of preferred stock for cash at $112 pershare.
Prepare the paid-in capital section of stockholders' equity at December 31, 2022 Venter the occoont comme only and do not provide
the descriptive information provided in the question.)
WERED
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