A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of $4 preferred stock, $12 par, and 100,000 shares of $3 par common stock.
The following selected transactions were completed during the first year of operations:
Required: Journalize the transactions.
Definitions:
Parking Lot
An area designated for the parking of vehicles, typically paved and marked with lines to organize spaces.
Shots
Medical injections or vaccinations administered through a needle for the purpose of preventing or treating various diseases.
Electroconvulsive Therapy
A medical treatment that involves inducing seizures in patients under general anesthesia, used primarily for severe depression that hasn't responded to other treatments.
Sessions
Designated periods of time arranged for a particular activity, such as therapy, training, or research, involving one or more participants.
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