Question: On January 1 , Lunn Ltd . ' s equity was as follows: common shares, unlimited shares authorized, and 3 5 , 0 0 0

On January 1, Lunn Ltd.'s equity was as follows: common shares, unlimited shares authorized, and 35,000 shares issued and outstanding. Prepare journal entries to record the following transactions: On January 1, Lunn Ltd.'s equity was as follows: common shares, unlimited shares authorized, and 35,000 shares issued and outstanding. Prepare journal entries to record the following transactions:

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