Business, 06.05.2020 01:45, eme05

During its first year of operations, Bridgeport Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 84,900 shares for cash at $6 per share. Mar. 1 Issued 5,000 shares to attorneys in payment of a bill for $37,600 for services rendered in helping the company to incorporate. July 1 Issued 33,100 shares for cash at $8 per share. Sept. 1 Issued 63,200 shares for cash at $10 per share. Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share.

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During its first year of operations, Bridgeport Corporation had the following transactions pertainin...