Issuing and Repurchasing Shares Radko Inc. had the following transactions related to its common and preferred shares:

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Prepare the journal entries for these transactions.
Exercise

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January 15 November 29 Issued 350,000 no par common shares for $15 per share. Issued 5,000 $20 stated value preferred shares at $23 per share. Repurchased and cancelled 30,000 common shares at $21 per share.