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REQUIRMENT 1: 1. record 380,000 shares of common stock were issued at $15.40 per share 2. record 90,000 shares of treasuery (common) stock were sold
REQUIRMENT 1:
1. record 380,000 shares of common stock were issued at $15.40 per share
2. record 90,000 shares of treasuery (common) stock were sold for $19.4 per share
3. Record net income for the year was $1,420 (in thousands)
4.Record the fiscal 2020 preferred dividends were paid in full. assume that all 80,000 shares were outstanding theoughout the year ended june 30,2020
5.record the cash dividend of $0.20 per share was declared and paid to common stockholders. Assume that transactions(1) and (2) occured before the dividend was declared.
6. Record the perferred stock was split for 2 for 1 on june 30, 2020.
REQUIRMENT 2:
REQUIRED 3:
REQUIRED 4:
ALL THE INFORMATION NEEDED
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