Question: Exhibit 15 7 presents a portion of the statement of changes
Exhibit 15.7 presents a portion of the statement of changes in shareholders’ equity for Sirens, Inc., for 2013. Prepare journal entries for each of the six listed transactions in Exhibit 15.7. Transactions (4) and (5) were not with employees. Transaction (5) did not require the tendering of cash. Record the conversion of the notes in transaction (6) at carryingvalue.
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