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The stockholders' equity accounts of Oriole Company on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining

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The stockholders' equity accounts of Oriole Company on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,500 shares of common stock for $120,000. Apr. 14 Sold 5,700 shares of treasury stock-common for $33,200. Sept. 3 Issued 4,900 shares of common stock for a patent valued at $34,300. Nov, 10 Purchased 1,100 shares of common stock for the treasury at a cost of $5,800. Dec. 31 Determined that net income for the year was $490,000. No dividends were declared during the year: Journalize the transactions and the closing entry for net income. (Record journol entries in the order presented in the problem. Credit. occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital in Excess of Stated Value-Common Stock Paid-in Capital from Treasury Stock Paid-in Capital from Treasury Stock Treasury Stock eTextbook and Media Prepare astockholders' equity section at December 31, 2022. including the disclosure of the preferred dividends in arrears. (Enter the account nome only and do not provide the descriptlve information provided in the question)

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