2.18 thorized to issue 15,00 Swifty Corporation was organized on January and 456.000 shares of no-par common stock with a stated value of $2 cer share. The following stocktransactions during the first year Jan Mar Apr May Aug Sept NOV. 10 1 1 1 1 Issued 79,000 shares of common stock for cash at $4 per share Issued 5.000 shares of preferred stock for cash at $110 per share Issued 23.500 shares of common stock for land. The asking pri was $97,500 Issued 77,500 shares of common stock for cash at 55 25 per share issued 11 000 shares of common stock to attorneys helping the company organize Issued 11,000 shares of common stock for cash at 55 pershane Issued 2,000 shares of preferred stock for cash at 5113 pershare carment ndwas 39-5030 The fair recompleted of melanc 545.000 for services performed in
2.18 thorized to issue 15,00 Swifty Corporation was organized on January and 456.000 shares of no-par common stock with a stated value of $2 cer share. The following stocktransactions during the first year Jan Mar Apr May Aug Sept NOV. 10 1 1 1 1 Issued 79,000 shares of common stock for cash at $4 per share Issued 5.000 shares of preferred stock for cash at $110 per share Issued 23.500 shares of common stock for land. The asking pri was $97,500 Issued 77,500 shares of common stock for cash at 55 25 per share issued 11 000 shares of common stock to attorneys helping the company organize Issued 11,000 shares of common stock for cash at 55 pershane Issued 2,000 shares of preferred stock for cash at 5113 pershare carment ndwas 39-5030 The fair recompleted of melanc 545.000 for services performed in
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Help be clear make the table pls
Transcribed Image Text:Question 7 of 7
Post to the stockholders' equity accounts. (Post entries in the order of joumol entries presented in the
V
V
Preferred Stock
eTextbook and Media
Common Stock
List of Accounts
V
>
V
>
>
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Paid-in Capital in Excess of Stated Value-Common Stock
V
Paid-in Capital in Excess of Par-Preferred Stock
V
Transcribed Image Text:Current Attempt in Progress
Swifty Corporation was organized on January 1, 2022
and 456.000 shares of no-par common stock
during the first year.
Jan
10
Mar. 1
Apr 1
May 1
Aug. 1
Sept 1
Nov
1
authorized to issue
value of $2 per share. The following
You answer is correct.
d stock.
mpleted
Issued 79 000 shares of common stock for cash at $4 per share.
Issued 5,000 shares of preferred stock for cash at $110 pershare.
Issued 23,500 shares of common stock for land. The asking price of the land was 394,500. The fair value of the land
was $87.500
Issued 77,500 shares of common stock for cash at 55 25 per share.
issued 11.000 shares of common stock to attorneys in cayment of their bill of 545,000 for services performed in
helping the company organize.
Issued 11,000 shares of common stock for cash at 55 per share
issued 2,000 shares of preferred stock for cash at 5113 per share
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