The articles of incorporation for Peahen Corp. authorize the company to issue 100,000 $5 preferred shares and 500,000 common shares. During its first year of operation selected transactions Click the icon to view the transactions.) Required 1. Record the transactions in the general amal 2. Prepare the shareholders' equity section of the Peahen Corp. balance sheet at November 30, 2020 Requirement 1. Record the transactions in the joumal Record debits first, then credits. Explanations are not required.) Dec 4, 2019: Issued 6,000 common shares to the consultants who formed the corporation, receiving cash of $204,000 Journal Entry Date Accounts Debit Credit Dec 4 MER 7. A Choose from any list or enter any number in the input fields and then continue to the next question Type here to search O BA 15 17 9. The articles of corporation for Peahen Corp. authorize the company to issue 100,000 $5 preferred shares and 500,000 common shares. During its first year of op selected transactions Click the icon to view the transactions.) Required 1. Record the transactions in the general Journal 2. Prepare the shareholders' equity section of the Peahen Corp. balance sheet at November 30, 2020 Dec. 13: Issued 550 preferred shares for cash of $71,500 Journal Entry Date Accounts Debit Credit Dec 13 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search selected transactions Click the icon to view the transactions.) Required 1. Record the transactions in the general journal 2. Prepare the shareholders' equity section of the Peahen Corp, balance sheet at November 30, 2020 Dec 14 Issued 4,400 common shares in exchange for land valued at $154,000 Journal Entry Date Accounts Debit Credit Dec 14 Choose from any list or enter any number in the input fields and then continue to the next question O Type here to search ON R LIUS. (Click the icon to view the transactions.) Required 1. Record the transactions in the general journal 2. Prepare the shareholders' equity section of the Peahen Corp. balance sheet at November 30, 2020 Nov. 30, 2020. Earned a profit for the fiscal year and closed the $130,000 net income into Retained Earnings Journal Entry Date Accounts Debit Credit Nov. 30 Requirement 2. Prepare the shareholders'ul section of the Peahen Com halance sheet at November 30 2020 Choose from any list or enter any number in the input fields and then continue to the next question O E Type here to search TE 15 The articles of incorporation for Peahen Corp authorize the company to issue 100,000 $5 preferred shares and 500,000 common shares. During its first year of operations selected transactions: Click the icon to view the transactions.) Required 1. Record the transactions in the general Journal 2. Prepare the shareholders' equity section of the Peahen Corp balance sheet at November 30, 2020 Requirement 2. Prepare the shareholders' equity section of the Peahen Corp balance sheet at November 30, 2020 Peahen Corp. Shareholders' Equity November 30, 2020 Contributed capital Choose from any list or enter any number in the input fields and then continue to the next question 3 O ON . Type here to search selected transactions: (Click the icon to view the transactions.) Required 1. Record the transactions in the general journal 2. Prepare the shareholders' equity section of the Peahen Corp. balance sheet at November 30, 2020. Contributed capital Total shareholders' equity Choose from any list or enter any number in the input fields and then continue to the next question O d Type here to search VE
