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please solve everything.. and write answers in such a way that can be understood, because most of time only half picture is posted! Rating Inc.

please solve everything.. and write answers in such a way that can be understood, because most of time only half picture is posted!
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Rating Inc. was incorporated on January 3, 2020 and on that date issued 29,000 common shares for cash at $3.25 each. On March 31, Rating issued 2,500 preferred, $4 cumulative preferred shares, convertible to common shares at the rate of 3 common shares for one preferred share. The preferred shares were issued for $11 each. On August 11, 900 of the preferred shares were converted to common shares. On that date, the market value was $3.20 for the common shares and $11.50 for the preferred shares. On December 14, 12,000 common shares were reacquired for $3.50 each. Instructions a) Journalize the share transactions described. b) Calculate the number of issued shares and average per share amount of each class remaining at the end of the year. (preferred & common) ***SHOW YOUR WORK FOR PARTIAL MARKS!!*** 1 A- B I E = %3 Part A Date Account Debit Credit Jan 3 7 A I E E % 5 D] Part A Date Account Debit Credit Jan 3 Mar 31 1 A B - EE % Sept 18 Dec 20 . B I E E 8 ? S Part B Common share price per share Number of common shares Preferred share price per share Number of preferred shares

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