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  3. Study Set
    Financial Accounting IFRS Study Set 1
  4. Exam
    Exam 11: Corporations: Organization, Share Transactions, Dividends, and Retained Earnings
  5. Question
    Warren Company Had the Following Transactions
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Warren Company Had the Following Transactions

Question 182

Question 182

Essay

Warren Company had the following transactions.
1. Issued 6,000 ordinary shares with a stated value of €10 for €110,000.
2. Issued 3,000 preference shares with a $100 par value at €107 for cash.
Instructions
Prepare the journal entries to record the above share transactions.

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