PAR Passer PO 1. The win the first hi Major, do when the high Decored a cah Pacheco Puch 100 da 2..whare when the income the 1000 Preporumas tebou woorde no me B U Load youth page Made i Question 1 Prev Page 1 2 3 4 5 6 7 10 Concordia Having technical des duregan amal 1-888-202-6515 for support 10 Marks of 40 N Corporation was recently formed with an unlimited number of authorized no-par value common shares The following events occurred in the order shown in its first year. 1. Sold and issued 5,000 common shares for cash at $26 per share. 2. Issued a 10% share dividend when the shares were selling at $30 per share. 3. Declared a cash dividend of $1 per share on the shares outstanding. 4. Paid the cash dividend declared in (3). 5. Purchased and cancelled 100 shares for cash at $27 per share. 6. Issued a 2-for-1 share split when the market price was $20 per share. 7. Net income for the year was $250,000. Prepare journal entries for the above events. If no journal entry is required, write no entry-do not merely leave blank. 1 i B 1 ili Upload your exam file to the upload assignment on the course page after the exam. Make sure that you named your file: e.g. 'Lastname_Firstname_IDnumber.pdf Notes PAR Passer PO 1. The win the first hi Major, do when the high Decored a cah Pacheco Puch 100 da 2..whare when the income the 1000 Preporumas tebou woorde no me B U Load youth page Made i Question 1 Prev Page 1 2 3 4 5 6 7 10 Concordia Having technical des duregan amal 1-888-202-6515 for support 10 Marks of 40 N Corporation was recently formed with an unlimited number of authorized no-par value common shares The following events occurred in the order shown in its first year. 1. Sold and issued 5,000 common shares for cash at $26 per share. 2. Issued a 10% share dividend when the shares were selling at $30 per share. 3. Declared a cash dividend of $1 per share on the shares outstanding. 4. Paid the cash dividend declared in (3). 5. Purchased and cancelled 100 shares for cash at $27 per share. 6. Issued a 2-for-1 share split when the market price was $20 per share. 7. Net income for the year was $250,000. Prepare journal entries for the above events. If no journal entry is required, write no entry-do not merely leave blank. 1 i B 1 ili Upload your exam file to the upload assignment on the course page after the exam. Make sure that you named your file: e.g. 'Lastname_Firstname_IDnumber.pdf Notes