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need help journalize Problem 11-3A The equity accounts of Marigold SE on January 1, 2017, were as follows. 416,000 1,162,100 Share CapitalPreference (9%, 52 par,
need help journalize
Problem 11-3A The equity accounts of Marigold SE on January 1, 2017, were as follows. 416,000 1,162,100 Share CapitalPreference (9%, 52 par, cumulative, 10,600 shares authorized) Share Capital - Ordinary (1 stated value, 2,079,800 shares authorized) Share Premium-Preference Share Premium-Ordinary Retained Earnings Treasury Shares-Ordinary (20,300 shares) 126,100 1,447,100 1,822,100 58,870 During 2017, the corporation had the following transactions and events pertaining to its equity. Feb. 1 Issued 24,100 ordinary shares for 96,400. Apr. 14 Sold 8,700 treasury shares-ordinary for 45,100. Sept. 3 Issued 7,000 ordinary shares for a patent valued at 42,900. Nov. Purchased 1,100 ordinary shares for the treasury at a cost of 6,000. 10 Dec. Determined that net income for the year was 431,100. 31 No dividends were declared during the yearStep by Step Solution
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