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Acrobat Reader File EGR View Sign Window Help Aida Jante 1001 Mon 26 22 14:14 FA11. Shareholders vd 15-715-80.pdf Home Tools FA11- Sharehold... Sign 1. X P 15-78 2 Kachinski inc. is authorized to issue an unlimited number of common shares and 100,000 shares of 520 non cumulative preferred. The company completed the following transactions B Export Por 2021 heb 28 Adobe Export PDF Convert POFW EO Mar 3 Issued 70.000 common shares at 520 for cash Gave the corporation's promoter 3,750 common shares for their services in organizing the corporation. The directors Valued the services at $80,000 Issued 44,000 common shares in exchange for the following assets with the indicated reliable market values land, 5160,000, buildings. $420,000, and machinery, 5310,000 Closed the Income Summary account. A 554,000 loss was incurred Issued for ash 4,000 preferred shares at $200 per share. Closed the income Summary account. A$196,000 net income was earned FAX Dec 31 2022 28 31 2023 Conto Mird. Jan Dec Documen Engah.3) Cho lan Feb Dec. 5 31 The board of directors declared a 520 per share cash dividend to preferred shares and 30.10 per share cash dividend to outstanding common shares payable on February 5 to the January 24 shareholders of record. Paid the previously declared dividends. Closed the Cash Dividends and income Summary accounts. A $318,000 net income was earned Convert Convert PDF Required 1. Prepare General Journal entries to record the transactions 2. Prepare a statement of changes in equity for the year ended December 31, 2023 3. Prepare the equity section of the balance sheet as of the close of business on December 31, 2023 Free

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