these separate transactions which requires auditing. What are the correcting entries needed?

On. Sept. 1, 2019, the corporation purchased 1000 shares of its own ordinary shares for 24 a share and included the stock with its trading investments. On Oct. 1, 2019, it sold 500 of these shares for 25 per share.

In November, 2000 share of 100 par value convertible preference shares, which had originally been issued at par, were converted to ordinary shares. Each share of preference shares was convertible into four shares of ordinary shares.

On Dec. 30, 2019, Mike Corporation declared a 1 per share cash dividend on ordinary shares. Since the dividend was not to be paid until Jan. 15, 2020, no entry was made.