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could someone provide me with the correct answers Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS has authorized 100,000 no

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Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS has authorized 100,000 no par preferred shares and 200,000 $2 par common shares. Outstanding shares include 53,000 preferred shares and 43,000 common shares. Recently the following transactions have taken place. a NGS Issues 1150 preferred shares for $12 a share. b.NGS repurchases 1150 common shares for $11 a share. c. On November 12, the board of directors declares a $0.40 cash dividend on each outstanding preferred share. d. The dividend is pald December 20. Required: 1. Prepare the foumal entries needed for each of the transactions. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field) No Transaction Answer is complete but not entirely correct. General Journal Cash Preferred Stock Credit Debit 13.800 1 13.800 2 12.650 Additional Paiden Capital Common Stock Cash Blo 12.050 3 c 21.000 Dividends Dividends Payable ol 21.600 4 21.650 Dividends Payable Cash 21.050 3. Show the overall effect of each transaction on the assets, liabilities, and shareholders' equity of the company. (Use - for increase. - for decrease, and NE for no effect) Answer is not complete. Transaction Balance Sheet Liabilities Assets a + 010 13.800 12.650 Stockholders Equity 13.800 12.650 21,000 b a - d. 21.000 21.000 S 21.000 5 O

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