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A step-by-step would be appreciated Thank you! 10a: 10b: The following information applies to the questions displayed below Refer to the following transactions. a. Issued
A step-by-step would be appreciated Thank you!
10a:
10b:
The following information applies to the questions displayed below Refer to the following transactions. a. Issued 6,000 shares of $100 par value preferred stock at par. b. Issued 7,200 shares of $100 par value preferred stock in exchange for land that had an appraised value of $756,000. c. Issued 68,000 shares of $5 par value common stock for $12 per share. d. Purchased 28,000 shares of common stock for the treasury at $15 per share. e. Sold 18,000 shares of the treasury stock purchased in transaction d for $17 per share. f. Declared a cash dividend of $2.50 per share on the preferred stock outstanding, to be paid early next year. g. Declared and issued a 12% stock dividend on the common stock when the market price per share of common stock was $30Step by Step Solution
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