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6. The XSORT method designed to increase the probabilty of conceiving a boy. As of this writing, 945 babies were born to parents using the

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6. The XSORT method designed to increase the probabilty of conceiving a boy. As of this writing, 945 babies were born to parents using the XSORT method, and 879 of them were boys. Use a 0.01 significance level to test the claim that the probability to have a boy is great than 0.5 if you use XSORT method. Problem 1 Stock transactions for Harris Inc. follow: Feb. 16 Issued 25,000 shares of $1 par value common stock at $8 per share. June 5 Purchased 1,000 shares of treasury stock-common at $15 per share. Aug. 8 Sold 300 shares of treasury stock-common at $30 per share. Oct. 11 Sold 700 shares of treasury stock-common at $7 per share. INSTRUCTIONS Journalize the transactions. Problem 2 Davis Inc. is authorized to issue 100,000 shares of $2 par common stock. The company issued 33,000 shares at $6 per share. When the market price of common stock was $8 per share, Harris declared and distributed a 10% stock dividend. Later, Harris declared and paid a $0.12 per share cash dividend. INSTRUCTIONS a) Journalize the declaration and the distribution of the stock dividend. b) Journalize the declaration and the payment of the cash dividend

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