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Required information Problem 10-6A Record equity transactions and prepare the stockholders' equity section (L010-2, 10-3, 10- 4, 10-5, 10-7) The following information apples to the
Required information Problem 10-6A Record equity transactions and prepare the stockholders' equity section (L010-2, 10-3, 10- 4, 10-5, 10-7) The following information apples to the questione displayed below Mejor League Apparelhos to classes of stock authorized 45.510 par preferred, and I par value common. The following transactions affect stockholders equity during 2021, its first year of operations: January 2 Issue 120,00 shares of common stock for se per share February 14 IN 58.000 shares of preferred stock for $11 per share. Purchase 12,000 shares of its common stock for $58 per share. Resell 6.000 shares of treasury stock for $6 per share December 1 Declare a cash dividend on its common stock of 50,33 per share and a $23,200 (% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividends payable on December 30. Dividends are not paid on treasury stock) December Ray the cash dividends declared on December 1. Problem 10-6A Part 1 Required: 1. Record each of these transactions. If no entry is required for a particular transaction, select "No Journal Entry Required in the fil 12 Ahme Aanaal at ) oooooo 2 February 14 SO . 4 May 2.2021 . Dividende ooooooooooo 1200 De med Den 22 Duidende
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