Eastport incorporated was organized on June 5, Year 1. It was authorized to issue 380,000...
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Eastport incorporated was organized on June 5, Year 1. It was authorized to issue 380,000 shares of $11 par common stock and 25,000 shares of 5 percent cumulattve class A preferred stock. The efass A stock had a stated value of $20 per share The following stock transactions pertain to Eastport incorporated: 1. Issued 24,000 shares of common stock for $16 per share 2. Issued 6,000 shares of the class A preferred stock for $25 per share. 3. Issued 56,000 sheres of common stock for $19 per share. Required Required Prepare the stockhoiders' equity section of the balance sheet immediately after these transactions have been recognized
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