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Earth Star Diamonds Inc. began a potentially lucrative mining operation on October 1, 2017. It is authorized to issue 100,000 shares of $0.60 cumulative preferred

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Earth Star Diamonds Inc. began a potentially lucrative mining operation on October 1, 2017. It is authorized to issue 100,000 shares of $0.60 cumulative preferred shares and 600,000 common shares. Required Prepare journal entries for each of the transactions listed. Required Based on the transactions in Part A. prepare the balance sheet as at October 31, 2017

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