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Required: a. Rafer to the equity section above. Assume that the preferred are converible imo common at a rate of eight common shares for cach

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Required: a. Rafer to the equity section above. Assume that the preferred are converible imo common at a rate of eight common shares for cach . share of preferred. If 1000 shares of the preferred are convented into comenen on Apeil 1, 2023, prepare the journal entry

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