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NEED QUICK PLEASE THANKS Eastport inc. was organized on June 5,...

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Accounting

NEED QUICK PLEASE THANKS
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Eastport inc. was organized on June 5, Year 1. It was authorized to issue 490.000 shares of 58 par common stock and 60.000 shares of 5 percent cumulative class A preferred stock. The class A stock had o stated value of $20 per share. The following stock transactions pertoin to Eastport inc: 1. Issued 18,000 shares of common stock for $13 per share. 2. Issued 7.000 shares of the class A preferred stock for $25 per share. 3. Issued 52,000 shares of common stock for $16 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized

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