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Question 2 1 - Mar The company authorized the issuing of unlimited number of common shares and 3 0 0 , 0 0 0 $
Question Mar The company authorized the issuing of unlimited number of common shares and $ cumulative preferred shares. Mar Issued common shares for cash. Each share was issued for $ each. Mar Issued common shares in exchange for accounting services valued at $ Mar Issued $ cumulative preferred shares at $ each. Mar Issued common shares to purchase a new building that cost $ Mar Declared the annual dividend on cumulative preferred shares. Mar Paid the dividend declared on preferred shares. The company made $ profit. Retained earnings opening balance $ Prepare the appropriate journal entries. Date Description DR CR Mar Mar Mar Mar Mar Mar
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Mar The company authorized the issuing of unlimited number of common shares
and $ cumulative preferred shares.
Mar Issued common shares for cash.
Each share was issued for $ each.
Mar Issued common shares in exchange for
accounting services valued at $
Mar Issued $ cumulative preferred shares at $ each.
Mar Issued common shares to purchase a new building that cost $
Mar Declared the annual dividend on cumulative preferred shares.
Mar Paid the dividend declared on preferred shares.
The company made $ profit.
Retained earnings opening balance $
Prepare the appropriate journal entries.
Date Description DR CR
Mar
Mar
Mar
Mar
Mar
Mar
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