Help Ch 11 Homework Assignment Save & Edit Submit Check my work 7 E11-6 (Algo) Recording and Reporting Stockholders' Equity Transactions (LO 11-2, LO 11-4) 058 Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-Dar common stock and 20,000 shares of preferred stock par value $10 During the year, the following selected transactions occurred: a. Collected $47 cash per share from four individuals and issued 5,700 shares of common stock to each b, issued 6.700 shares of common stock to an outside investor at $47 cash per share. Issued 8.700 shares of preferred stock at $18 cash per share. book Required: 1. Prepare the journal entries indicated for each of these transactions 2. Prepare the stockholders' equity section of the balance sheet at December 31. At the end of the year, the accounts reflected not income of $43.000 No dividends were declared Hist Complete this question by entering your answers in the tabs below Required 1 Required Prepare the journal entries indicated for each of these transactions. (If no entry is required for a transaction/event, select 'No Journal Entry Required in the first account feld) View transaction list Journal entry worksheet Chit Homework Assignment Help Check my work 7. Required: 1. Prepare the journal entries indicated for each of these transactions 2. Prepare the stockholders equity section of the balance sheet of December 31 At the end of the year, the accounts reflected net Income of $43.000. No dividends were declared DO Complete this question by entering your answers in the tabs below. Required tired bos Prepare the mockholders' equity section of the balance sheet at December 31. At the end of the year the counts reflected e income of 543,000. Ne dividends were declared AVA SCHOOL Balance Sheet Partial Al December Stockholders' Equity Contributo Capital Total Coded Captal The Story Ch 11. Homework Assignment Help Save & En Submit Check my werk 7 E11-6 (Algo) Recording and Reporting Stockholders' Equity Transactions (LO 11-2, LO 11.4) 058 Ave School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-bar common stock and 20,000 shares of preferred stock par value $10 During the year, the following selected transactions occurred: a. Collected $47 cash per share from four individuals and issued 5,700 shares of common stock to each b. Issued 6.700 shares of common stock to an outside investor at $47 cash per share. Issued 8.700 shares of preferred stock at $18 cash per share. book Required: 1. Prepare the journal entries indicated for each of these transactions 2. Prepare the stockholders' equity section of the balance sheet at December 31. At the end of the year, the accounts reflected not income of $43.000 No dividends were declared Hist e Complete this question by entering your answers in the tabs below Required Required 2 Prepare the journal entries indicated for each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction ist Journal entry worksheet