Business, 01.05.2021 20:30 Isaac0213

Grouper Corp. was organized on January 1, 2022. It is authorized to issue 22,000 shares of 6%, $53 par value preferred stock and 456,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 68,000 shares of common stock for cash at $6 per share.
Mar. 1 Issued 1,160 shares of preferred stock for cash at $56 per share.
May 1 Issued 113,000 shares of common stock for cash at $7 per share.
Sept.1 Issued 4,600 shares of common stock for cash at $4 per share.
Nov. 1 Issued 2,600 shares of preferred stock for cash at $57 per share.
NEED:
1.) Pots journal Entries.
2.) Post the stockholder's equity accounts.
3.) Create a Balance sheet.

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Grouper Corp. was organized on January 1, 2022. It is authorized to issue 22,000 shares of 6%, $53 p...

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