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Requirements: 1. What is the necessary adjusting journal entry related to the share issuance on June 30, 2018? a. Dr. Retained earnings 250,000 Cr. Share

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Requirements: 1. What is the necessary adjusting journal entry related to the share issuance on June 30, 2018? a. Dr. Retained earnings 250,000 Cr. Share premium from preference shares 180,000 Cr. Share premium from ordinary shares 70,000 b. Dr. Retained earnings 150,000 Cr. Share premium from preference shares 150,000 C. Dr. Retained earnings 150,000 Cr. Share premium from preference shares 117,000 Cr. Share premium from ordinary shares 33,000 d. Dr. Retained earnings 150,000 Cr. Share premium from preference shares 139,961 Cr. Share premium from ordinary shares 10,039

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