Nemesis Corp. reports the following transactions for 2020: (Click the icon to view the transactions.)...
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Nemesis Corp. reports the following transactions for 2020: (Click the icon to view the transactions.) Required. Prepare joumal entries for the transactions. Explanations are not required. Prepare the journal entries for the 2020 transactions. (Record debits first, then credits. Round dollar amounts to the nearest cent. Exclude explanations from journal entries.) January 27: Sold 25,000 common shares for $5 per share. Journal Entry Date Accounts Debit Credit Jan 271 2020 Choose from any list or enter any number in the input fields and then continue to the next question JaisaleS LO ZU4U. - X Transactions Jan. 27 Sold 25,000 common shares for $5 per share. Sold 7,250 shares of $1.00, noncumulative, preferred shares for $65 Feb. 1 per share. Oct. 13 Nov. 16 Dec. 11 Declared a 3 percent stock dividend on the common shares. The current market price of the common shares is $10 per share. There are 85,000 common shares outstanding on October 13. Distributed the stock dividend declared on October 13. Declared the annual dividend required on the preferred shares and a $0.25 per share dividend on the common shares. There are 15,000 preferred shares outstanding at this time. Print Done umber in the input fields and then continue to the next
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