please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Bridgeport Corporation issued 3,000 shares of stock.Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles areautomatically indented when amount is entered. Do not indent manually)(a)(b)(c)(d)(e)(b)No. Account Titles and Explanation(a)(c)The stock had a par value of $8.75 per share and was issued for a total of $49.500.The stock had a stated value of $8.75 per share and was issued for a total of $49.500.The stock had no par or stated value and was issued for a total of $49,500.(d)The stock had a par value of $8.75 per share and was issued to attorneys for services during incorporation valued at $49.500.The stock had a par value of $8.75 per share and was issued for land worth $49.500.DebitCredit

The entity issues either common shares or preferred shares. The common shareholders are considered…

Bridgeport Corporation issued 3,000 shares of stock. Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) (b) (c) (d) (e) The stock had a par value of $8.75 per share and was issued for a total of $49.500 The stock had a stated value of $8.75 per share and was issued for a total of $49,500. The stock had no par or stated value and was issued for a total of $49,500. The stock had a par value of $8.75 per share and was issued to attorneys for services during incorporation valued at $49.500. The stock had a par value of $8.75 per share and was issued for land worth $49.500. No. Account Titles and Explanation (a) (b) Debit Credit

Bridgeport Corporation issued 3,000 shares of stock. Prepare the entry for the issuance under the following assumptions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) (a) (b) (c) (d) (e) The stock had a par value of $8.75 per share and was issued for a total of $49.500 The stock had a stated value of $8.75 per share and was issued for a total of $49,500. The stock had no par or stated value and was issued for a total of $49,500. The stock had a par value of $8.75 per share and was issued to attorneys for services during incorporation valued at $49.500. The stock had a par value of $8.75 per share and was issued for land worth $49.500. No. Account Titles and Explanation (a) (b) Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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