The articles of incorporation from the province of Ontario authorize Champion Canoes Inc. to issue 11,000 shares of 50 preferred shares and 140,000 common shares in its fest month, Champion completed the hing transactions (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal 2. Prepare the shareholders' equity section of the Champion balance sheet at October 31, 2020. The ending balance of Retained Earnings is $45.000 Requirement 1. Record the transactions in the joumal (Record debits first, then credits. Explanations are not required) Oct 6 Issued 900 common shares to the lawyer for assistance with chartering the corporation. The lawyer's fee was $9.900 Debit Organization Exper Date Oct Journal Entry Accounts Debit Credit Oct 9 Issued 7,000 common shares to Jerry Spence and 13,000 shares to Shella Madde in return for cash equal to the shares' market price of $11 per share. Spence and Markle are cecutives of the company Choose from any ast or enter any number in the input selds and then continue to the next question Windows The articles of incorporation from the province of Ontario authorize Champion Canoes Inc. to issue 11,000 shares of 59 preferred shares and 140,000 common shares. In its first month, Champion completed the following transactions (Click the icon to view the transactions.) Requirements 1. Record the transactions in the joumal 2. Prepare the shareholder equity section of the Champion balance sheet at October 31, 2020. The ending balance of Ratained Eamings is $49.000 Oct 7,000 common shares to Jerry Spence and 13,000 shares to Sheila Markle in return for cash equal to the shares market price of $11 per share. Spence and Markle are executives of the company Date Od 9 Journal Entry Accounts Debit Credit Oct 10 hod 400 prefered shares to acquire a patent with a fair value of $60,000 Choose Som any ast or enter any number in the input fields and then continue to the next question Activate Windows Winde wansactions The articles of incorporation from the province of Ontario authorize Champion Canoes Inc. to 11.000 share of 59 prefeed shares and 140,000 common shares in its first mon Champion compted the Click the icon to view the transactions) Repements 1. Recond the transactions in the jou 2. Prepare the star oquity section of the Champion balance sheet at October 31, 2020. The ending balance of Retained Earnings is $43,000 Oct 10 d 400 preferred shares to acque a patent with a fair value of $60,000 Sate Oct Journal Entry Accounts Debit Cred Oct 26 und 1,500 common shares for cash of $26.600 Journal Entry Choose from any st of enter any number in the input Reds and then continue so the next question Type hese to search Activate Window 10+ Proc www Dob ENG 1243 PM 784 IN 12/15/2020 transactions (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal 2. Prepare the shareholders equity section of the Champion balance sheet at October 31, 2020. The ending balance of Retained Earnings is $45,000 Date Oct 26 Journal Entry Accounts Debit Credit Requirement 2. Prepare the shareholder equity section of the Champion balance sheet at October 31, 2020. The ending balance of Retained famings is $49.000 (Enter the accounts in the proper order for the shareholders' equity section of the balance sheet. List preferred shares first.) Champion Canoes Inc. Balance Sheet (partial) Choose from any list or enter any number in the input fields and then continue to the next question Activate Windows The articles of incorporation from the province of Ontario authorize Champion Canoes Inc. to issue 11.000 shares of $9 prefened shares and 140,000 common shares in its first month Champion completed the following Wansactions (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal 2. Pispare the shareholders' equity section of the Champion balance sheet at October 31, 2020 The ending balance of Retained Eamings is $49.000 Requirement 1. Record the transactions in the joumal (Recoed debits first, then credits. Explanations are not required) Oct. 6. Issued 900 common shares to the lawyer for assistance with chartering the corporation. The lawyer's fee was $9.900 Debe Organization Expense Dato Journal Entry Accounts Oct Organization Expete Common Shares Debit Credit 9500 9900 Od 7 000 common shares to Jerry Spence and 13.000 shares hi Sheila Markle in return for cash equal to the shares market price of $11 per Choose Yom any of enter any number the impid heats and thin coconut the est ques The articles of incorporation from the province of Ontario authorize Champion Cances Inc. to lose 11,000 shares of $9 preferred shares and 140,000 common shares in its first month, Champion completed the folowing transactions (Click the icon to view the transactions.) Requirements 1. Record the transactions in the joumal 2. Prepare the shareholders' equity section of the Champion balance sheet at October 31, 2020. The ending balance of Retained Earnings is $45,000 Oct. 9. Issued 7,000 common shares to Jerry Spence and 13,000 shares to Sheila Markle in return for cash equal to the shares market price of $11 per share Spence and Markle are secures of the company- Date Oct Cas Common Shares Journal Entry Accounts Debit Credit 220000 225000 Oct 10 and 400 preferred shares to acquire a patent with a fair value of $60,000 Choppe om any stor enter any tubes in the input fests and then continue to the next est Activine Window The articles of incorporation from the province of Ontario authorize Champion Canoes Inc. to issue 11,000 shares of $9 preferred shares and 140,000 common shares. In its first month, Champion completed the following transactions (Click the icon to view the transactions.) Requirements 1. Record the transactions in the journal 2. Prepare the shareholders equity section of the Champion balance sheet at October 31, 2020 The ending balance of Retained Eamings is $49.000 Od 10 Issued 400 profemed shares to acquire a patent with a fair value of $60,000 Dete Od 1 Pales Preferred Share Jornal Entry Accounts Debit Credit 60000 60000 Oct 25 ved 1.500 con shares for cash of $26.600 Journal Entry Choose from any of enter any nudes in the input feids and then continue to the next question The amides of incorporation from the province of Ontario authorize Champion Canoes Inc. to issue 11,000 shares of 5) preferred shares and 140,000 common shares in first month. Champion completed the following transactions (Click the icon to view the transactions) Requirements 1. Record the transactions in the journal 2. Prepare the sharshnoider oquity section of the Champion balance sheet at October 31, 2020. The ending balance of Ratained Earings is 549.000 Oct 26 issued 1.900 common shares for cash of $26,000 Date Journal Entry Accounts Debit Candin Cas 20000 Common Shares 26000 Requirement 2 Prepare the sharehabes equity section of the Champion balance sheet at Ochuber 31, 2020 The ending balance of Retained Eamings is $45 000 Ester the accounts in the peper order for the sharpokers spuity section of the balance sheet List preferred shares first) transactions The articles of incorporation from the province of Ontario authorize Champion Canoes Inc to issue 11,000 shares of 59 preferred shares and 140,000 common shares in its first month, Champion completed the following (Click the icon to view the transactions.) Requirements 1. Recond the transactions in the journal 2. Prepare the shareholders equity section of the Champion balance sheet at October 31, 2020 The ending balance of Retained Earning is $49.000 Regiment 2. Propers the sheeply section of the Champion balance sheet at October 31, 2020 The ending balance of Retained Eamings is 1-45.000 Enter the accounts in the proper onfer for the shareholders pity section of the balance sheet. List preferred shares first Champion Canoes a Sheet (part October 31,2826 Shareholders' Equity Common shares 256900 Choppe Nam ber in the nod beds and then come to the t Transactions 2020 for the shareholder Oct. 6 Issued 900 common shares to the lawyer for assistance with chartering the corporation. The lawyer's fee was $9.900. Debit Organization Expense. 9 Issued 7.000 common shares to Jerry Spence and 13.000 shares to Sheila Markle in return for cash equal to the shares, market price of $11 per share. Spence and Markle are executives of the company 10 Issued 400 preferred shares to acquire a patent with a fair value of $60.000 26 Issued 1.900 common shares for cash of $26.600 Print Done -X