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The following selected accounts appear on the Balance Sheet of Practice Corporation as of December 3 1 , 2 0 2 2 . Journalize the
The following selected accounts appear on the Balance Sheet of Practice Corporation as of December
Journalize the following equity transactions that occurred during :
Issued shares of common stock at $ each.
Issued shares of preferred stock at $ each.
Purchased shares of treasury common for $ each.
Sold shares of treasury common for $ each
Declared the annual cash dividend on the preferred stock.
Declared $ per share cash dividend on the common stock.
HINT: you must first calculate the number of common and preferred shares outstanding.
The accounts of Rehearsal Corporation are listed along with their adjusted balances before closing for the month
ended June
Requirements:
Prepare a multistep income statement
Prepared the statement of retained earnings
Prepared a classified balance sheet
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