BB Co. issued 5,900 common shares at $ 12 per share. The company also issued 1,100 preferred
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Question:
BB Co. issued 5,900 common shares at $12 per share. The company also issued 1,100 preferred no par, $4 dividend shares at $23 per share. The company declared and paid the preferred dividend at the end of the year.
Record the appropriate journal entry(s) for each of the above transactions that occurred during their first year of operations.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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