After looking into debt financing through notes, mortgage, and bonds payable, Better Boat Company decides to raise
additional capital for a planned business expansion. The company will be able to acquire cash as well as land adjacent
to its current business location. Before the following transactions, the balance in Common Stock on January was
$ and included shares of common stock issued and outstanding. There was no PaidIn Capital in
Excess of ParCommon. Better Boat Company had the following transactions in :
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Preferred Stock$ Par Value
PaidIn Capital in Excess of ParPreferred
Issued preferred stock in exchange for land.
Dec. : Declared total cash dividends of $
