Problem 11 1A (Part Level Submission) Grouper Corp was organized on January 1, 2017 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 December 31, 2017 Stockholders' Equity Total Capital Stock Additional Paid in Capital Common Stock 185600 Preferred Stock 199280 384880 Total Paid in Capital Paid in Capital Paid in Capital in Excess of Par Value Common St 1031800 Paid in Capital in Excess of Par Value Preferred St 13880 1045680 Total Paid in Capital 1430560 Paid in Capital

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Question: Problem 11-1A (Part Level Submission) Grouper Corp. was organized on January 1, 2017. It is authorized to issue 22,000 shares of 6%, $53 par value

Problem 11-1A (Part Level Submission)

Grouper Corp. was organized on January 1, 2017. 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.

Problem 11-1A (Part Level Submission) Grouper Corp. was organized on January 1,

December 31, 2017 Stockholders' Equity Total Capital Stock Additional Paid-in Capital Common Stock 185600 Preferred Stock 199280 384880 Total Paid-in Capital Paid-in Capital Paid-in Capital in Excess of Par Value-Common St 1031800 Paid-in Capital in Excess of Par Value-Preferred St 13880 1045680 Total Paid-in Capital 1430560 Paid-in Capital

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