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Prepare the journal entries for the following transactions 1. Paris Cosmetics issues 2,500 shares of 200 par 1/1/2017. The shares are 5% and cumulative value

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Prepare the journal entries for the following transactions 1. Paris Cosmetics issues 2,500 shares of 200 par 1/1/2017. The shares are 5% and cumulative value preference stock at 317 cash per share on 2. Paris Cosmetics issues 120,000 shares of 2 par value share of ordinary stock at 27 cash per share on 1/1/2017 3. On March 1, Paris Cosmetics repurchases 6,200 shares of the previously issued ordinary shares at 43 cash per share 4. The company declares and pays cash dividends amounting to 10,000. (the company is new, so no arrearage exists at this point) 5. How much is paid per share to the preference shares? 6. The company repurchases 5,000 shares of the 7. The company declares and pays cash dividends 8. How much is paid per share to the preference shares? 9. The company sells all of the treasury stock for 30 10. The Company declares and pays a cash dividend of 11. How much is paid per share to the preference shares? To the ordinary shares? previously issued ordinary shares at 25 per share amounting to 41,000 To the ordinary shares? cash per share 55,000 To the ordinary shares? Show all your work

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