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1. Joumalize the entries to record the following selected transactions of Oliver Co. (a) Purchased $100,000 of Kruse Co. 8% bonds at par value

1. Toumalize the entries to record the following selected transactions of Oliver Co..(6)(c)Purchased $100,000 of Kruse Co.

1. Joumalize the entries to record the following selected transactions of Oliver Co. (a) Purchased $100,000 of Kruse Co. 8% bonds at par value plus accrued interest of $2,000. (b) Received first semiannual interest payment. (c) Sold the bonds at 97 plus accrued interest of $1,500. 2 At December 31st, the Jeter Company had the following ending balances; Retained Earnings - $100,000 Preferred Stock ($100 par, 7% cumulative, 10,000 authorized, 5,000 issued and outstanding) - 500,000 Treasury stock $35,000 Additional paid in capital - common stock 400,000 Additional paid in capital - preferred stock- 50,.000 Common stock ($5.00 par value, 100,000 shares authorized, 60,000 issued) -300,000 Prepare the stockholders equity section of the balance sheet in good form with all of the required disclosures..

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