Question: need help on B) please. also avoid cutting picture of amswer off. thanks! JU View Policies Show Attempt History Current Attempt in Progress Bridgeport Corporation

need help on B) please. also avoid cutting picture of amswer off. thanks!
need help on B) please. also avoid cutting picture of amswer off.
thanks! JU View Policies Show Attempt History Current Attempt in Progress Bridgeport
Corporation had the following stockholders' equity accounts on January 1, 2022: Common
Stock ($5 par) $500,000, Paid in Capital in Excess of Par-Common Stock
$200,000, and Retained Earnings $120,000. In 2022. the company had the following

JU View Policies Show Attempt History Current Attempt in Progress Bridgeport Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($5 par) $500,000, Paid in Capital in Excess of Par-Common Stock $200,000, and Retained Earnings $120,000. In 2022. the company had the following treasury stock transactions Mar. 1 June 1 Purchased 6,500 shares at $9 per share Sold 1,000 shares at $13 per share. Sold 1,500 shares at $10 per share, Sold 1,000 shares at $7 per share. Sept 1 Dec 1 Bridgeport Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $29,000. Date Account Titles and Explanation Debit Credit Mar. 1 Treasury Stock 58500 Cash 585 June 14 Cash 13000 Treasury Stock 900 Paid in Capital from Treasury Stock 4000 Sept. 1 15000 Treasury Stod 1350 Paid in Capital from Treasury Stock 150 Dec 1 7000 Pald-in Capital from Tirotury Stock 2000 Sept. 1 15000 Treasury Stock 13500 Paldin Capital from Treasury Stock 1500 Dec 1 Cash 7000 Paid In Capital from Treasury Stock 2000 Treasury Stock 900 Dec 21 Income Summary 29000 Retained Earnings 29000 Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock and Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Dec 1 June 1 : + Sept. 1 Treasury Stock Question 2 of 4

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