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First two please:) cash as well as land adpocent to its current business location. Before the following trantactions, the balance in Common 5 tock on
First two please:)
cash as well as land adpocent to its current business location. Before the following trantactions, the balance in Common 5 tock on Jacuary 1,2007 was $200,000 and included 200,000 shares of common stack lstued and outsanding (There was no Paidth Cap ax in Ercess of Par-Common) Nature Coome Conpary had the following transactions in 2002: (Cick the licon to view the transactions) Read the tequitements Requirements 1. Joumalice the transactons. Requirement 1. Joumalue the transiscions. (Reoodd bebes first then oeds. Select the explanaten on the last 2. Calailase she balance in Retaned Earnings on December 31, 2027. Assume Jan, 1: iswed 70,000 thares of 51 par value common shock for a total of 5260,000 the balance on January 1, 2027 was $6,250 and net income for the year was $463,000 3. Prepare the stockholders' equity secton of the balance sheet as of December 31, 2027. There was no preferred stock issued proor to be 2027 trasiactions Step by Step Solution
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