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help me please! ASAP Beamsley Corporation was organized in 2017 to operate a financial consulting business. The charter authorized 12,000 common shares, no par value.

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Beamsley Corporation was organized in 2017 to operate a financial consulting business. The charter authorized 12,000 common shares, no par value. During the first year, the following selected transactions were completed a. Issued 5,000 shares of common shares for cash at $15 per share. b. Issued 1,000 shares of common shares for cash at $18 per share Required 1. Show the effects of each transaction on the accounting equation. (Enter eny decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) Journal entry worksheet 2 Record the issue of 5,000 common shares for cash, at $15 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit (If no " in the first account field.) Journal entry worksheet b. 3. Prepare the shareholders' equity section as it should be reported on the 2017 year-end balance sheet. At year end, the accounts reflected a profit of $100. Shareholders' Equity Contributed capital: Total contributed capital Shareholders' equity 4-a. Beamsley Corporation has $30,000 in the company's bank account Should the company declare cash dividends at this time? O Yes O No 4-b. Not available in Connect

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