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Question 1:

Question2:

Question 3:

worper in March Instretto Hall 1,000 respondre Har 2 AN 15,000.00 trade12 carmella 13 1.00 hores de enesten Metalmec Casti Cach din cautamme och IOD OD DID ITI OD 10 00 III III DID Metalik Can Am C catch May 1 Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par value 6% preferred stock. It is also authorized to kssue 75,000,000 shares of $5 par value common stock. In its first year, the corporation has the following transactions: Issued 4,000 shares of preferred stock for cash at $300 per share May 23 Issued 8,000 shares of common stock at $15.50 per share. Issued 15,000 shares of common stock for equipment without a readily determinable value. The stock is currently trading at $15 per share Jun. 10 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank May 1 May 23 Jun 10 111 8 EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its ninth year, the corporation has the following transactions: Mar 1 Purchased 2,000 shares of its own common stock at $12 per share. Apr. 10 Reissued 1,000 shares of its common stock held in the treasury for $16 per share. Jun 12 Reissued 1,000 shares of common stock at $10 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank Mar 1 Apr 10 Jun. 12