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    scada's Avatar
    scada Posts: 14, Reputation: 1
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    #1

    May 1, 2011, 08:59 PM
    journalizing sharres
    Common shares no par value, unlimited number of shares authorized.1,000,000 1,500,000
    retained earnings 1,800,000
    accumulated other comprehensive income (loss) (25,000)

    Jan 2 issues 100,000 preerred shares for $50.00 per share
    April 1 paid qurterly dividend to preferred shareholders
    July 1 paid quarterly dividend to preferred shareholders
    Aug 12 issues 100,000 common shares for 1.70 per share
    Oct 1 Paid quartely dividend to preferred shareholders and $0.25 per share dividend to the common shareholders.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    May 2, 2011, 06:01 AM

    Read this first: Expectations for the Homework Help board
    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.
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