In groups, you will provide the journal entry to record issuing of common stock shares by a corporation, record issuing of cumulative preferred stock, and record a declaration of stock split.
During 2013, Company A has the following transactions involving its common and preferred stock:
The following is required:
Company B began 2013 with a $110,000 balance in retained earnings. The following events occurred during the year:
The following is required:
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