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answers these please! Problem #2 (4@ts): PART A) Strand Corp started business with the following transactions. Show the accounting transactions using the Accounting Equation: 1.
answers these please!
Problem #2 (4@ts): PART A) Strand Corp started business with the following transactions. Show the accounting transactions using the Accounting Equation: 1. Issued 10,000 shares of $2 par Common stock for $45/share 2. Issued 3,000 shares of $10 par Preferred stock for $80/share 3. Issued 25,000 shares of the Common stock for $48/share 4. Issued 6,000 shares of the Preferred Stock for $83/share 5. Purchased 2,000 shares of the Common Stock for $20/share as Treasury Stock 6. Re-issued 2,000 shares of the Treasury Stock for $30/share PART B) Show Strand's Stockholders Equity section after the transactions above Problem #3 (21 pts): On 1/1/19, Huge Corp decided to raise money by issuing 5,000 bonds at par, coupon rate 4%, 3 yr bonds. REQUIRED (using the Accounting Equation): 1. Show the transaction at the bond's issuance 2. Show the transaction for each interest payment to the bondholders 3. Show the transaction at the bond's maturity Step by Step Solution
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