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I need help the pictures are in order they are cut in sections Corporation has been authorized to issue 20,500 shares of $100 par value,
I need help
the pictures are in order they are cut in sections
Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, preferred stock and 1,084,0 Irwin At December 31, 2017, the ledger contained the folowing balances pertaining to stockholders equity Preferred Stock Paid in Capital in Excess of Par Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value Common Stock3,403,400 Treasury Stock (11300 common shares) Paid-in Capital from Treasury Stock Retained Earnings $120,000 23,000 1,084,600 14/300 1,950 83,000 /The preferred stock was issued for land havino a fair value of $143,000. All common stock Issued was for cash In December, 650 shares of treasury stock were sold for $14 per share. No dividends were deared in 2017 Prepare the journal entries for the: (Credit account titles are automatically indented when amount is en 1) Issuance of preferred stock for land. 2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash (4) Sale of treasury stock for cash. Credit TelblStep by Step Solution
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