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Prepare Journal Entries in good form for the following (unrelated) equity transactions: 1) Lobo Company issues 500 $.01 par stock for $10 cash per share

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Prepare Journal Entries in good form for the following (unrelated) equity transactions: 1) Lobo Company issues 500 $.01 par stock for $10 cash per share on February 1st. 2) Conner's directors declare a 10% stock dividend on December 31st. This stock dividend of 500 shares, computed as %10 of its 5,000 outstanding shares, is to be distributed on January 20 to stockholders of record on January 15th. The market price of the stock on December 31st. is $15. 3) Liam Company's board of directors declares a $1 per share cash dividend on the 500 outstanding shares on January 29th. HTML Editor BIUA A I E I 3 E E X

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