decimals into whole dollars when entering your final answers.

reach question as to how you derived your answers i$.$e$.$ figures.

ree $($Q$3)$:

liamonds Inc. began a potentially lucrative mining operation on October $1,2023.$ The following transactions and events occurred in the month of October:

Sunday, October $01,2023$ Issued for cash, $1,000$ shares of the preferred shares at $$4\mathrm{.}70$ each.

Tuesday, October $10,2023$ Issued for cash, $49,000$ shares of the common shares at $$3\mathrm{.}50$ per share.

October $152023$ Earth star purchased land for $$185,000,$ paying cash of $$65,500$ and borrowing the balance from the bank $($to be repaid in $2$ years

October $24202314,500$ preferred shares were issued today for total cash proceeds of $$81,635.$

October $202023$ Annual dividend on the preferred shares were declared.

October $202023$ Dividend on commons shares of $$26,870$ were declared payable on November $15,2023$

October $312023$ the Income Summary account has $595,000$ credit balance. Close the Income Summary and Dividend accounts.

ired:

journal entries to record the transactions and closing for $2023.$ No need to provide journal description.

structions Questions and Answers Sheet New...