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Aggregate Mining Corporation was incorporated five years ago. It is authorized to set 600,000 shares of $100 par value cumulative preferred stock. It is also

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Aggregate Mining Corporation was incorporated five years ago. It is authorized to set 600,000 shares of $100 par value cumulative preferred stock. It is also authorised to se 700,000 shares of 36 par value common stock. It has sued 60,000 of the common shares and 1,000 of the emulative preferred shares. The corporation has never declared a dividend and the preferred shares are one year learners Aggregate Mining has the following transactions this year Mar. 1 Decres a cash dividend of $20,000 Mar 30 Pays the cash dividend Jul. 10 Deares for Mock of its common shares A. Prepare the journal entries to record the transactions. It an amount how does not require an entry leave it burs. If no entry is required, elect Montry Required and we the amount boxes blank Mart Mar. 30 II II Jul 10 For the show the calculation for how many shares are outstanding after the spit and the per value per share after the Outstanding shares after spl Par values per share

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