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surfing dewd corporation is authorized to issue both preferred and common stock surf 4243133

Surfing Dewd Corporation is authorized to issue both preferred and common stock. Surfing Dewd’s preferred stock is $105 par, 6% preferred stock. During the first month of operations, the company engaged in the following transactions related to its stock. Show each of the following transactions in the accounting equation:March 1 Issued 16,000 shares of $0.50 par value common stock for cash at $5 per shareMarch 11 Issued 1,500 shares of preferred stock at parMarch 16 Purchased 3,000 shares of common stock to be held in the treasury for $7 per shareMarch 18 Issued 32,000 shares $0.50 par value common stock for cash at $10 per shareMarch 20 Sold 2,900 shares of the treasury stock purchased on the 16th for $12 per shareMarch 31 Declared a $10,000 dividendView Solution:
Surfing Dewd Corporation is authorized to issue both preferred and

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