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1) E15.5 Make the entries for the following events of the Burns Corporation: A. Sold 3,000 shares of a $30 par value preferred stock for

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1) E15.5 Make the entries for the following events of the Burns Corporation: A. Sold 3,000 shares of a $30 par value preferred stock for $102,000. B. Declared a two-for-one stock split on its $2 par value common stock. There are 1,600,000 shares of common stock authorized and 300.000 issued and outstanding. LO 2 E15.16 Using the information in E15.15, show how Phillips Corporation's income statement and balance sheet report the impact of this note for the years ended December 31,2019, and December 31,2020

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