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The following shareholders' equity accounts are reported by Carla Vista Inc. on January 1: Common shares (unlimited authorized, 163,500 issued) $2,616,000 Preferred shares ($4 cumulative,

The following shareholders' equity accounts are reported by Carla Vista Inc. on January 1:

Common shares (unlimited authorized, 163,500 issued) $2,616,000
Preferred shares ($4 cumulative, convertible, 100,000 authorized, 5,900 issued) 442,500
Contributed surplusreacquisition of common shares 31,800
Retained earnings 1,269,000

The following selected transactions occurred during the year:

Feb. 11 Issued 54,500 common shares at $20 per share.
Mar. 2 Reacquired 20,400 common shares at $22 per share.
June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share.
July 25 Reacquired 470 preferred shares at $70 per share.
Sept. 16 Reacquired 54,500 common shares for $17 per share.
Oct. 27 Declared a 5% common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 27 was $19 per share.
Dec. 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share.
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The following shareholders' equity accounts are reported by Carla Vista Inc. on January 1: The following selected transactions occurred during the year: Feb. 11 Issued 54,500 common shares at $20 per share. Mar. 2 Reacquired 20,400 common shares at $22 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at \$30 per share. July 25 Reacquired 470 preferred shares at $70 per share. Sept. 16 Reacquired 54,500 common shares for $17 per share. per share. Dec. 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share. (a) Your answer is partially correct. 5,276. List all debit entries before credit entries.)

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