Chapter_9 - MGT120 Self- Study Problems Chapter 9 (10 min.)...

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MGT120 Self- Study Problems Chapter 9 (10 min.) E 9-7 Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT Millions b. Cash (6 million × $15.50) ……………………. 93 Common shares…………………………… 93 c. Common shares ($7.04 × 1 million) ………. 7.04 Retained Earnings 6.96 Cash…………………………………………. 14 ($12,820 + $93)/1,829+6 = $7.04 d. Retained Earnings…………………………… 30 Dividends Payable………………………… 30 Dividends Payable…………………………… 30 Cash……………………………………….… 30 or one entry only: Retained Earnings …………………………. .. 30 30
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Cash……………………………………….…
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(10-15 min.) E 9-13 Shareholders’ equity: Millions Common shares, unlimited number of shares authorized, 34.4 million shares (17.2 million × 2) issued. .................................. $156,887
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Chapter_9 - MGT120 Self- Study Problems Chapter 9 (10 min.)...

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