Edmonton Appliance Company sells a variety of appliances. The following transactions occurred on Oct 18 a. Sold a dishwasher for cash for $960. b. Sold a cooker on account for $1,450 at terms of 2/10,n/30. C. A customer returned a washing machine purchased on Oct 11 for $1,050 due to some defects d. A customer purchased a freezer for $1,280 using a credit card. The credit card company charges Edmonton Appliance Company 3% fee. 1) Write the journal entries required for the above transactions. (6 marks) 1) Write the journal entry required if the customer in transaction b. pays dues on Nov 5. (2 marks) 1) Write the journal entry required if the customer in transaction b. pays dues on Dec 2. (2 marks) iv) Calculate the net sales for Oct 18 for the company. (2marks) tion 11 et answered Red Corporation is authorized to issue 110,000 common shares and 90.000, 13 preferred shares At Jan 1, 2012, the company's shareholders equity induded the below 26,000 common shares valued at $234,000 9,000 preferred shares valued at $108.000 Retained earning was 552,000 Sed out of 0 Flag question During 2019 the net profit earned by Red Corp. was $27,000. The company did not issue any dividend during 2019. Also during 2019 the company issued the below On Apr 4, 2019 10,000 common shares for $11 each On Jun 10, 2019 - 3.000 preferred shares for $15 each and On Aug 7, 2019 - 12,000 common shares for land valued at $132.000 - 1. Prepare the journal entries to record the above share issues. (4 marks) 2. Prepare the shareholders equity part of the balance sheet in Dec 31, 2019. (10 marks)