CALCULATOR PRINTER VERSION BACK NE Problem 11-1A (Part Level Submission) Swifty Corporation was organized on January 1, 2017. It is authorized to issue 19,700 shares of 7%, $52 par value preferred stock and 471,000 shares of no-par common stock with a stated value $1 per share. The following stock transactions were completed during the first year Jan. 10 Issued 65,100 shares of common stock for cash at $4 per share. Mar. 1 Issued 1,155 shares of preferred stock for cash at $56 per share. May 1 Issued 120,500 shares of common stock for cash at $6 per share. Sept. 1 Issued 6,100 shares of common stock for cash at $7 per share. Nov. 1 Issued 4,100 shares of preferred stock for cash at $54 per share (a) Date Account Titles and Explanation Debit Credit Jan. 10 4 Cash 260400 Common Stock 65100 Paid-in Capital in Excess of Stated Value-Common 195300 Mar. 1 Cash 64680 Preferred Stock 60060 Paid-in Capital in Excess of Par Value-Preferred St 4620 May 1 Cash 723000 4 Common Stock 120500 Paid-in Capital in Excess of Stated Value-Common 602500 Sept. 1 Cash 42700 Common Stock 6100 Paid-in Capital in Excess of Stated Value-Common 36600 Nov. 1 Cash 221400 Preferred Stock 213200 Paid-in Capital in Excess of Par Value Preferred St 8200 (b) Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previ Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock 4 2 Common Stock 8 9 > Paid-in Capital in Excess of Stated Value-Common Stock 03 09 13 722 7130 Click if you would like to Show Work for this question: Open Show Work