Question
On January 1, 2024, Oriole Ltd. had the following shareholders' equity accounts: Common shares (1,040,000 issued) Retained earnings The company was also authorized to issue
On January 1, 2024, Oriole Ltd. had the following shareholders' equity accounts: Common shares (1,040,000 issued) Retained earnings The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2024, none had been issued. During 2024, the corporation had the following transactions and events related to its shareholders' equity: Mar. Jan. 2 Issued 104000 preferred shares for $50 per share. Paid quarterly dividend to preferred shareholders. Paid quarterly dividend to preferred shareholders. Issued 94,000 common shares for $1.70 per share. Paid quarterly dividend to preferred shareholders. Paid quarterly dividend to preferred shareholders and a $0.25 per share dividend to the common shareholders. Loss for the year was $100,500. 31 June 30 Aug. 12 Sept. 30 $1,560,000 Dec. 31 1,872,000 Dec. 31 Journalize the transactions and the entries to cloco dividende and the locomo Summancaccount (Cradit account titler ara
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