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Required information The following information applies to the questions displayed below. Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has

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Required information The following information applies to the questions displayed below. Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no- par preferred shares and 200,000 $2 par common shares. Outstanding shares include 57,000 preferred shares and 47000 common shares. Recently the following transactions have taken place a. NGS issues 1,350 preferred shares for $11 a share. b. NGS repurchases 1,350 common shares for $10 a share. c. On November 12, the board of directors declares a $0.30 cash dividend on each outstanding preferred share d. The dividend is paid December 20 Required: 1. Prepare the journal entries needed for each of the transactions. uf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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