Grouper Corp. was organized on January 1, 2022. 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.
NEED:
1.) Pots journal Entries.
2.) Post the stockholder's equity accounts.
3.) Create a Balance sheet.

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be: