Please answer all the subparts a,b,c asap.thank you Journalize stock transactions, post, and prepare paid-in capital section.P11.1A (LO 2, 4), AP DeLong Corporation was organized on January 1, 2022. It is authorized to issue 10,00o shares of 8%, $100 par value preferred stock, and 500,000 shares of no-parcommon stock with a stated value of $2 per share. The following stock transactions were completed during the first year.Jan. 10Issued 80,00o shares of common stock for cash at $4 pershare.Mar.1Issued 5,000 shares of preferred stock for cash at $105 per share.Apr.1Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000.Мay1Issued 80,00o shares of common stock for cash at $4.50 per share.Aug.1Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize.Sept. 1Issued 10,00o shares of common stock for cash at $5 per share.Nov. 1Issued 1,000 shares of preferred stock for cash at $109 per share.Instructionsa. Journalize the transactions.b. Post to the stockholders' equity accounts. (Use T-accounts.)c. Prepare the paid-in capital section of stockholders' equity at December 31, 2022.c. Total paid-in capital $1,479,000

Stockholders equity is also known as shareholders’ equity. It indicates the net asset available to…

Instructions a. Journalize the transactions. b. Post to the stockholders’ equity accounts. (Use T-accounts.) c. Prepare the paid-in capital section of stockholders' equity at December 31, 2022. c. Total paid-in capital $1,479,000

Instructions a. Journalize the transactions. b. Post to the stockholders’ equity accounts. (Use T-accounts.) c. Prepare the paid-in capital section of stockholders' equity at December 31, 2022. c. Total paid-in capital $1,479,000

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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