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please answer asap On January 1, 2020 Oscar Martinez Corporation received a charter granting the night toistun 10,000 shares of $110 par value, 7% cumulative

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On January 1, 2020 Oscar Martinez Corporation received a charter granting the night toistun 10,000 shares of $110 par value, 7% cumulative and nonpartiopating preferred stock, and 30,000 shares of $9 par value common stock. It then completed these transactions Jan 11 Issue 12.000 shares of common stock 515 per share Feb uued to Sanchez Corp 5,000 shares of preferred stock for the following assets: equipment with a far value of $175,000; a factory building with a fair value of $310,000; and land with an appraised Value of $150,000 July 20 Purchased 1.600 shares of common stock at $18 per share. (Use cost method) Aug 10 Sold the 1,000 ressury shares at 316 per share Dec 31 Declared a 50.25 por share cath dividend on the common stock. Instructions Record the journal entries for the transactions listed above On January 1, 2020, Oscar Martinez Corporation received a charter granting the right to issue 10,000 shares of $110 par value, 7% cumulative and nonparticipating proferred stock, and 50,000 shares of $9 par value common stock. It then completed these transactions Jan. 11 issued 12,000 shares of common stock at $15 por share. Feb issued to Sanchez Corp. 5,000 shares of proferred stock for the following assets, equipment with a fair value of $175,000, a factory building with a fair value of $310.000, and land with an appraised value of $150,000 July 29 Purchased 1,600 shares of common stock at $18 per share. (Une cost method Aug 10 Sold the 1.600 treasury shares at $16 per share Dec 31 Declared a $0.25 per share cash dividend on the common stock Instructions Record the journal entries for the transactions listed above

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