A corporation received its charter and began business this year.The company is authorized to issue 500,000 shares of $100 par,6%,noncumulative,nonparticipating preferred stock,and 1,000,000 shares of no-par common stock.The following selected transactions occurred during this year:
Prepare journal entries to record these transactions.
Definitions:
Affirmative Action Programs
Initiatives and policies designed to promote equal opportunity for historically marginalized or underrepresented groups in education, employment, and beyond.
Discriminated
Unjust or prejudicial treatment of different categories of people, particularly on the grounds of race, age, or sex.
Recruitment
The process through which companies identify, attract, and select candidates for employment positions.
Foundational Values
Core beliefs and principles that form the underpinning for organizational culture, decision-making, and strategies.
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