Question

Zigloo.ca Inc. began 2014 with the following balances in its equity accounts:
Common shares, 500,000 shares authorized;
200,000 shares issued and outstanding........................................................ $1,800,000
Retained earnings............................................................................................. 3,000,000
All of the outstanding shares were issued for $9.00.

Required
Prepare journal entries to account for the following transactions during 2014:



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  • CreatedJanuary 08, 2015
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