Sarasota Corporation, a private corporation, was organized on February 1, It is authorized to issue...
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Accounting
Sarasota Corporation, a private corporation, was organized on February It is authorized to issue $ noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year: A Journalize the transactions. b open general ledger accounts and post to the shareholders equity accounts. C Determine the number of shares issued and the average per share amount for both common and preferred shares. D How many more shares is the company authorized to issue for each class of shares?
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