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Problem 15.1: The Board of Directors of Pyramid Scheme, LLP has authorized the issuance of 100,000 shares of S0.01 par value Class A common stock,

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Problem 15.1: The Board of Directors of Pyramid Scheme, LLP has authorized the issuance of 100,000 shares of S0.01 par value Class A common stock, 200,000 shares of no par, non-voting Class B common stock, and 50.000 shares of 9%, cumulative, participating. S100 par preferred stock. Record journal entries for the following transactions. 1. January 1, 20x0: Issued 20,000 shares Class A common stock for $100,000. 2. February 1, 20x0: Issued 30,000 shares of Class B Common Stock in exchange for a building with an appraised value of $123,000 3. March 1.20x0: Issued 10,000 shares of Class A Common Stock and 1,000 shares of Preferred Stock in a lump sum sale for $170,000. The Class A common stock was trading for $6 per share at the time of the sale. 4. April 1. 20x0: Sold 10,000 shares of Class A common stock and 5.000 shares of Class B common stock to a private investor for $92.500. At the time of the transaction the Class A stock was trading for $6,50 per share, and the Class B stock was trading for $6.25 per share. 5. May 1, 20x0: Pyramid Scheme, LLP repurchased 10,000 shares of Class A common stock for S55.000 6. June 30, 20x0: Report the Stockholders' Equity Section of Pyramid Scheme, LLP's balance sheet as of June 30, 20x0. 7. July 1, 20x0: Sold 5,000 shares of Treasury Stock for S7 per share. 8. August 1,20x0: Sold 2,000 shares of Treasury Stock for S4 per share. 9. September 1, 20x0: Sold 3,000 shares of Treasury Stock for $3.50 per share. 10. December 31, 20x0: Issued a vehicle to the preferred shareholder. The fair market value of the preferred stock on Dec 31, 2020 was S111 per share. The vehicle has a fair value of $9,000 and a carrying value of $13,000 (S20,000 cost with $7.000 accumulated depreciation). 1. December 31. 20x2: Issuada dividend of S100.000 Sillper 13.000 (20

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