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Problem 1 0 - 6 A ( Algo ) Record equity transactions and prepare the stockholders' equity section ( LO 1 0 - 2 ,

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Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2,
10-3,10-4,10-5,10-7)
[The following information applies to the questions displayed below.]
Little League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following
transactions affect stockholders' equity during 2024, its first year of operations:
Problem 10-6A (Algo) Part 2
Prepare the stockholders' equity section of the balance sheet as of December 31,2024. Net income for the year was $486,000.
(Amounts to be deducted should be indicated by a minus sign.)
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