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I need help with finding mistakes in the filled answers of the question attached. Sampson Corporation was organized in 2017r to operate a nancial consulting

I need help with finding mistakes in the filled answers of the question attached.

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Sampson Corporation was organized in 2017r to operate a nancial consulting business. The charter authorized the issue of 12,000I common shares. During the rst year, the following selected transactions were completed: 9. Sold and issued 5.?00 common shares for cash at $25 per share. b. Sold and issued 5?0 common shares for a piece of land to be used for a facilities site; construction began immediately. Assume that the market price per share was $25 on the date of issuance. Debit the land account. 6. Sold and issued 1.400 common shares for cash at $2? per share. 0'. At yearend, the statement of earnings showed a loss of $3.000. Because a loss was incurred, no income tax expense was recorded. Required: 1. Prepare the joumal entry required for each of these transactions. {If no entry is required for a transactj ontevent. select "Nojournal entry required" in the rst account eld .} 1tr'ieiri:r transaction list Viewjournal entry worksheet a. Cash 143,204) Common shares 148,200 b. Land 14,820 Common shares 14,320 c. Cash 3?,800 Common shares 3?,800 d. Retained eamings 8,000 Income summary 3,000 2. Prepare the shareholders' equity section as it should be reported on the statement ofnancial position at yearend, December 31, 201?. [Amounts to be deducted should be indicated with a minus sign.] Common shares 36 200,820 ' etained eamings (8,000} Shareholders' equity 95 192,820 3. Can Sampson payr dividends at year-end\"? @' Yes C} No

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