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Current Attempt in Progress Carla Vista Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During
Current Attempt in Progress Carla Vista Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 27,200 shares for cash at $51 per share. fuly 1 Issued 40,900 shares for cash at $56 per share. (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction couses a decrease in Assets, Labilities or Stockholders' Equity, place a negative stan (or parentheses) in front of the amount entered for the particular Asset, Labllity or Equity item that was reduced.) (a) Prepare a tabular summary to record the transactions, Include margin explanations for the changes in revenues and expenses. (If a transaction couses a decrease in Assets, Labilities or Stockholders' Equity, place a neguthe sign (ar partntheses) in front of the amount entervd for the particular Asset, Liability or Equity item that was reduced,) (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Labilities or Stockholders' Equily, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. If a transaction couses a decrease in Assets, Labilities or Stockholders' Equily, place a negotlve sign (or parentheses) in front of the amount entered for the particular Asset, Liobllity or Equity item that was reduced
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