Novak Corporation has been authorized to issue 20.000 shares of $100 par value, 10% , preferred stock and 1,149.400 shares of nopar common stock. The corporation assigned a $2.80 stated value to the common stock. At December 31,2022 , the ledger contained the following balances pertaining to stockholders' equity. The preferred stock was issued for land having a fair value of $141 , 000 . All common stock issued was for cash. In November, 1,380 shares of common stock were purchased for the treasury at a per share cost of $13 . In December, 460 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022. indented when amount is entered. Do not indent manuolly.) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash. [b] Prepare the stodholders equity section at December 31.2022 . fEnter the account name only and do not provide the deseriptive information provided in the question.J
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Novak Corporation has been authorized to issue 20-000 shares of $100 p.docx
1. Novak Corporation has been authorized to issue 20.000 shares of $100 par value, 10% , preferred
stock and 1,149.400 shares of nopar common stock. The corporation assigned a $2.80 stated
value to the common stock. At December 31,2022 , the ledger contained the following balances
pertaining to stockholders' equity. The preferred stock was issued for land having a fair value of
$141 , 000 . All common stock issued was for cash. In November, 1,380 shares of common stock
were purchased for the treasury at a per share cost of $13 . In December, 460 shares of treasury
stock were sold for $16 per share. No dividends were declared in 2022. indented when amount is
entered. Do not indent manuolly.) (1) Issuance of preferred stock for land. (2) Issuance of
common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury
stock for cash. [b] Prepare the stodholders equity section at December 31.2022 . fEnter the
account name only and do not provide the deseriptive information provided in the question.J
![Novak Corporation has been authorized to issue 20.000 shares of $100 par value, 10% , preferred
stock and 1,149.400 shares of nopar common stock. The corporation assigned a $2.80 stated
value to the common stock. At December 31,2022 , the ledger contained the following balances
pertaining to stockholders' equity. The preferred stock was issued for land having a fair value of
$141 , 000 . All common stock issued was for cash. In November, 1,380 shares of common stock
were purchased for the treasury at a per share cost of $13 . In December, 460 shares of treasury
stock were sold for $16 per share. No dividends were declared in 2022. indented when amount is
entered. Do not indent manuolly.) (1) Issuance of preferred stock for land. (2) Issuance of
common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury
stock for cash. [b] Prepare the stodholders equity section at December 31.2022 . fEnter the
account name only and do not provide the deseriptive information provided in the question.J](https://image.slidesharecdn.com/novakcorporationhasbeenauthorizedtoissue20-000sharesof100p-230224013619-3c4b6083/85/Novak-Corporation-has-been-authorized-to-issue-20-000-shares-of-100-p-docx-1-320.jpg)
