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Jan 1 st: issued 7 0 0 0 shares of 1 0 0 $ present value, 4 % preferred stock at par Jan 2 nd:

Jan 1st: issued 7000 shares of 100$ present value, 4% preferred stock at par
Jan 2nd: Declared a 2:1 stock split on the common
Feb 1st: issued 6000 shares of common stock for equipment valued at $139,000
mar 1: declared and issued a 10% stock divined when the market price was 25$ per share
may 1: reacquired 3000 shares at 28$
Dec 1: declared a 2$ per share divined on the common stock
Dec 30: paid the Dec, 1 divided
Dec 31st: net income for the year was $640,000
Required make the necessary accounting journal entries for the above dates

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