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Blossom Corp, reported the following amounts in the shareholders' equity section of its December 31,2023 , balance sheet: The contributed surplus arose from net excess
Blossom Corp, reported the following amounts in the shareholders' equity section of its December 31,2023 , balance sheet: The contributed surplus arose from net excess of average cost per share over reacquisition cost on a previous repurchase and cancellation of common shares. During 2024, the company had the following transactions that affect shareholders' equity. Prepare the journal entries for the following transactions: (Credit account titles are outomatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts, List all debit entries before credi entries.) During 2024, the company had the following transactions that affect shareholders' equity. Prepare the journal entries for the following transactions: (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) a. Paid the annual 2023$9 per share dividend on prefer dividends had been declared on December 31,2023 . b. Purchased 4,200 shares of its own outstanding common shares for $35 per share and cancelled them. c. Issued 1,000 preferred shares at $107 per share (at the beginning of the year). d. Declared a 10% stock dividend on the outstanding common shares at their fair value when the shares were selling for $46 per share. e. Issued the stock dividend. f. Declared the annual 2024$9 per share dividend on preferred shares and a $3 per share dividend on common shares. These dividends are payable in 2025. No, Account Titles Debit Credit a. I b. c. d. e
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