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QUESTION 18 During 2021, the following transactions and events pertaining to stockholder's equity were: June 15 Sept 21 Issued 20,000 shares of common stock
QUESTION 18 During 2021, the following transactions and events pertaining to stockholder's equity were: June 15 Sept 21 Issued 20,000 shares of common stock ($5 par value) to purchase a building with a fair market value of $300,000 Purchased 7,500 of the above shares for $12 per share, original par value at $8 per share. Sold 500 of the previously purchased shares (on Sept 21) for $14 per share Nov. 1 Nov. 10 Nov. 15 The date of record of the declared divided. Dec. 15 Dividends was declared by the board of $3 per share The Company paid the dividend to the common stock shareholders. a. Prepare all journal entries for the transactions below, fill in all required cells. leave cells blank that do not require an account or amount Prepare the journal entry for the June 15 transaction Accounts Debit Credit Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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