Please do not give solution in image format thanku The information below is taken from the shareholders' equity section of the statement of financial position for Blossom Cable:Shareholders' equityPreferred shares, authorized 10,000,000 shares, 4,550,000and 1,820,000 issued and outstanding at December 31,2024, and December 31, 2023, respectively.Common shares, authorized 25,000,000 shares,1,020,000 and 1,850,000 shares issued and outstanding atDecember 31, 2024, and December 31, 2023, respectively.Retained earningsAccumulated other comprehensive income (loss)Total shareholders' equitya.b.2024C$12,740,0005,100,000136,700,000(21,520,000)$133,020,0002023The issuance of preferred shares during 2024.The repurchase of 830,000 common shares during 2024 at $6 per share.The closing entry to record net income of $14,180,000.$3,640,000Provide the journal entries for the following: (Credit account titles are automatically indented when the amount is entered. Do not indentmanually. If no entry is required, select "No entry for the account titles and enter O for the amounts. List all debit entries before credit entries)9,250,000123,350,000(32,550,000)$103,690,000 No. Account Titles and ExplanationDebitCredit

The information below is taken from the shareholders' equity section of the statement of financial position for Blossom Cable: Shareholders' equity Preferred shares, authorized 10,000,000 shares, 4,550,000 and 1,820,000 issued and outstanding at December 31, 2024, and December 31, 2023, respectively. Common shares, authorized 25,000,000 shares, 1,020,000 and 1,850,000 shares issued and outstanding at December 31, 2024, and December 31, 2023, respectively. Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity a. b. 2024 C. $12,740,000 2023 Provide the journal entries for the following: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter O for the amounts. List all debit entries before credit entries) $3,640,000 5,100,000 136,700,000 123,350,000 (21,520,000) (32,550,000) $133,020,000 $103,690,000 The issuance of preferred shares during 2024. The repurchase of 830,000 common shares during 2024 at $6 per share. The closing entry to record net income of $14,180,000. 9,250,000

The information below is taken from the shareholders' equity section of the statement of financial position for Blossom Cable: Shareholders' equity Preferred shares, authorized 10,000,000 shares, 4,550,000 and 1,820,000 issued and outstanding at December 31, 2024, and December 31, 2023, respectively. Common shares, authorized 25,000,000 shares, 1,020,000 and 1,850,000 shares issued and outstanding at December 31, 2024, and December 31, 2023, respectively. Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity a. b. 2024 C. $12,740,000 2023 Provide the journal entries for the following: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter O for the amounts. List all debit entries before credit entries) $3,640,000 5,100,000 136,700,000 123,350,000 (21,520,000) (32,550,000) $133,020,000 $103,690,000 The issuance of preferred shares during 2024. The repurchase of 830,000 common shares during 2024 at $6 per share. The closing entry to record net income of $14,180,000. 9,250,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...

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