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1-Jan question 1 make the appropriate journal entries. a) Company ) issued 12,000 $2 preferred shares at worth $70 each make the appropriate journal entry.

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1-Jan question 1 make the appropriate journal entries. a) Company ) issued 12,000 $2 preferred shares at worth $70 each make the appropriate journal entry. b) company ) issued 130000 common shares at $5 each for cash c) company ) issued 100 $2 preferred shares to cover legal expenses $3,500 d) company ) purchased a new truck worth $35,000 by issuing 2000 common shares 2-Jan 3-Jan 4-Jan Description DR CR Date a) b) c) d) e) how many common shares does company ) have? f) how much is one common share worth? g) how many preferred shares does company ) have? h) how much is one preferred share worth? 1) how much is the total value of the preferred share dividend

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