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7) Winter Wonderland Company (WWC) formed on January 1, 2021. Required (22 marks): Using the chart of accounts below, indicate the appropriate journal for the
7) Winter Wonderland Company (WWC) formed on January 1, 2021. Required (22 marks): Using the chart of accounts below, indicate the appropriate journal for the same company and occurred in the order they are listed!) each transaction by entering the letter and dollar amount in the chart below. (Note: all the entire G Bonds payable Cash H Preferred shares B Remaining assets 1 Treasury shares C Retained earnings j Other accounts not listed D Common shares K Dividends declared E Dividends payable L No entry needed F Accounts payable Credits Debits Transaction Code Amount Code Amount 200 200D Ex. Sold and issued 10 common shares for $200. (Disregard in subsequent transaction.) 1 Sold and issued 10,000 common shares at $26 per share 2 Issued a 10% share dividend when the common shares were selling at $35 per share 3 Declared a cash dividend of $2 per share on the common shares outstanding 4 Paid the cash dividend of $2 per share declared earlier (see above) 5 Issued $300,000 of bonds at par. 6 Issued a 2-for-1 share split when the market price was $20 per share
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