View Policies Show Attempt History Current Attempt in Progress Tidal Corporation was organized on January 1, 2022. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and 500,000 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 Mar. 1 May 1 Sept. 1 Nov. 1 Issued 70,000 shares of common stock for cash at $4 per share. Issued 12,000 shares of preferred stock for cash at $53 per share. Issued 120,000 shares of common stock for cash at $6 per share. Issued 5,000 shares of common stock for cash at $5 per share. Issued 3,000 shares of preferred stock for cash at $56 per share. Your answer is partially correct. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Jan. 10 Cash Common Stock Debit 280000 Paid-in Capital in Excess of Par Value-Comm Mar. 1 Cash 636000 Preferred Stock Paid-in Capital in Excess of Par Value-Preferr May 1 Cash 720000 Common Stock Paid-in Capital in Excess of Par Value-Comm Sept. 1 Cash 25000 Common Stock Paid-in Capital in Excess of Par Value-Comm Nov. 1 Cash 168000 Preferred Stock Paid-in Capital in Excess of Par Value-Preferr eTextbook and Media List of Accounts Your answer is partially correct. Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock 3/1 A 600000 11/1 150000 12/31 Bal. 750000 Paid-in Capital in Excess of Par Value-Preferred Stock 3/1 36000 11/1 18000 12/31 Bal. 54000 Common Stock 1/10 5/1 9/1 12/31 Bal. Paid-in Capital in Excess of Stated Value-Common Stock eTextbook and Media List of Accounts. 70000 20000 70000 1/10 210000 5/1 600000 9/1 20000 12/31 Bal. 830000 - Your answer is partially correct. Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2022. TIDAL CORPORATION Partial Balance Sheet For the Year Ended December 31, 2022 Stockholders' Equity Preferred Stock $ 750000 Common Stock 690000 Total Capital Stock $ Paid-in Capital Paid-in Capital in Excess of Par Value-Preferr 54000 Paid-in Capital in Excess of Par Value-Comm 830000 Total Paid-in Capital Total Stockholders' Equity $ eTextbook and Media List of Accounts