Adam Corporation received its charter and began business in 2015.The company was authorized to issue 100,000,$4,noncumulative,preferred shares and 500,000 common shares.Prepare journal entries to record the following transactions that occurred during 2015: 
Definitions:
Barriers To Exit
Factors that prevent or deter a firm from leaving a market or industry, including high exit costs or contractual obligations.
Patent Protection
Legal measures that grant inventors exclusive rights to their inventions for a certain period, preventing others from making, using, or selling the invention without permission.
Generic Producers
Manufacturers that produce goods which are not branded or associated with a particular trademark, often resulting in lower prices.
Regulatory Hurdles
challenges and obstacles that businesses face due to government regulations and requirements, which can affect their operation and profitability.
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