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Savemore Corporation was formed on April 1, 2020. The general ledger accounts for the Savemore Corporation show the following activities for the first month of

Savemore Corporation was formed on April 1, 2020. The general ledger accounts for the Savemore Corporation show the following activities for the first month of operations:

There were no other transactions during April.

The total preference shares issued and subscribed represents 50% of the preference shares authorized. The ordinary shares issued for cash represents 1/4 of the ordinary shares authorized.

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