I need this ASAP. Thank you Requirement 1. Journalize...
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I need this ASAP. Thank you
Requirement 1. Journalize Atlantic's transactions in b, c, d, and e. Explanations are not required. (Enter journal entries.) b. Issuance of 4 million shares of common stock for $14.00 per share. Atlantic's 2022 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Atlantic's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Atlantic's stockholders' equity? More info a. Net income, $440 million b. Issuance of 4 million shares of common stock for $14.00 per share c. Purchase of 5 million shares of treasury stock for $60 million d. Sold 2 million of the treasury shares purchased in part c for $28 million e. Declaration and payment of cash dividends of $32 million
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