where does $3660000$ come!

$4$

$5$ During its tirst year of operatiom, Anchor Holdings Corporation ertered inte the following unncactions nolating to sharehoidern' equity. The

$6$ articles of incorporation authorised the issue of $12,000,000$ common shares, $51,50$ par per shane, and $1\mathrm{.}500,000$ prelemed shares, $$30\mathrm{.}00$ par per share.

$8.$

Prepare the appropriate journal entries to recond each of the following transartions:

$10$

$11$ January $12$ Sold $3\mathrm{.}000,000$ common shaves for $$9\mathrm{.}00$ per share.

$12$ February $1$ Iswed $60,000$ common shares in excharge for legal uervicis.

$13$ February $1$ S$61$d $120,000$ of its common ithaes and $24,000$ preterred shares for a total al $51,384,000.$

$14$ September $4$

$15$

Hsued $480,000$ of its common whares in exchange for liand for which the canh price was known to be S$5,$ apt,$000.$

Graded Worksheet

Wignibock Sutioties