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QUESTION 9 The shareholders equity section of Abu Dhabi Commercial Co, includes the items shown below on January 1, 2019 Common stock, AED 4 par value, 500,000 shares issued AED 2,000,000 Preferred stock, AED 7 par value, 60,000 shares issued 420,000 Paid in Capital in excess of par- preferred stock- 500,000 Paid in Capital in excess of par-common stock 1,500,000 Retained Earnings 450,000 45,000 Treasury shares (9,000 shares) During 2018, the following transactions occurred: 1-On March 3, the company retired 17,000 common shares at 8 AED per share. 2.On May 11, the company sold 6,000 shares of the treasury at AED 9 per share 1 3-On July 22, the company reissued 10,000 common shares at AED 11 per share, Instructions: 1- I-Record the journal entries for the above transactions. (10 marks) Dr. Cr. Explanation Date ni allansers B- B-Record the entry of declaration the dividends on 2019. (2.5 marks) Date Explanation . Cr C- C-Record the entry of payments of the dividends for 2019. (2.5 marks) Date Explanation Dr. Cr Arial EE T TTTT Paragraph 3(12pt XQ TT. OS Mastrup 143 Click Save and Submit to save and submit. Click Save All Answers to save all ansvers