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B. Prepare a stockholders equity section Eastport inc was organized on June 5...

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Accounting

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B. Prepare a stockholders equity section
Eastport inc was organized on June 5 , Year 1 th was authorized to issue 330,000 shares of $9 par common stock and 50,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Eastport linc: 1. issued 21,000 shares of common stock for $14 per share. 2. Issued 8,000 shares of the class A preferred stock for $30 per share 3. 1 ssued 58.000 shares of common stock for $17 per share Repuired 0. Prepare general journal entries for these transactionis (lf no entry is required for o transection/event, select "No journol entry required" in the first occount field.)

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