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Answer the question completely and journalize During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as fallows
Answer the question completely and journalize During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as fallows Jan. 5 Issued 532,900 shares of common stock at $9, receiving cash. Feb. 10 Issue 11,000 shares of preferred 1% stock at $58 ed Mar. 19 purchased 45,400 shares of treasury common for $8 per share. May 16 sold 21,400 shares of treasury common for $10 per share. Aug. 25 sold 4,300 shares of treasury common for $7 per share. Dec. 6 Declared cash dividends of $0.50 per share on preferre stock and $0.07 per share on common stock. 31 Paid the cash dividends
Answer the question completely and journalize
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