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QUESTION 28 a. Mohsen Company issues 1.000 convertible preference shares that have a par value of E1 per share. The shares were issued at a price of 200 per share. What is the journal entry to record this transaction? b. If each share is subsequently converted into 25 each ordinary shares (2 par value) that have a fair value of 410,000, what is the journal entry to record the conversion? c. If the convertible preference shares are repurchased at their fair value instead of converted, what is the journal entry? TTT Arial 3 (121)