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The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2 % Stock, $ 8
The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred Stock, $ par shares authorized, shares issued $ PaidIn Capital in Excess of ParPreferred Stock Common Stock, $ par shares authorized, shares issued PaidIn Capital in Excess of ParCommon Stock Retained Earnings During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: Issued shares of common stock at $ receiving cash. Issued shares of preferred stock at $ Purchased shares of treasury common for $ per share. Sold shares of treasury common for $ per share. Sold shares of treasury common for $ per share. Declared cash dividends of $ per share on preferred stock and $ per share on common stock. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter.
The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year:
Preferred Stock, $ par shares authorized, shares issued
$
PaidIn Capital in Excess of ParPreferred Stock
Common Stock, $ par shares authorized, shares issued
PaidIn Capital in Excess of ParCommon Stock
Retained Earnings
During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized
as follows:
Issued shares of common stock at $ receiving cash.
Issued shares of preferred stock at $
Purchased shares of treasury common for $ per share.
Sold shares of treasury common for $ per share.
Sold shares of treasury common for $ per share.
Declared cash dividends of $ per share on preferred stock and $ per share on common stock.
Paid the cash dividends.
Instructions
Journalize the entries to record the transactions. Identify each entry by letter.
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