P11-31A (15-20 min) Req. 1 Journal Entry Accounts Debit Credit a. 2 Stockholders' Equity Paid-in Capital: P11-33A (15-20 min) Req. 1 Year Total...

P11-31A Issuing stock and preparing the stockholder’s equity section of the balance sheetLockridge Inc was organized in 2009. At December 31, 2009 the company sheet reported the stockholder’s equity.Paid in capital:Preferred stock, 5%, $45 par, 140,000 shares authorized, none issued