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1. Issued preferred shares in exchange for equipment.\ 2. Accounts receivable increased by $60,000.\ 3....

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Accounting

1. Issued preferred shares in exchange for equipment.\ 2. Accounts receivable increased by $60,000.\ 3. Accrued estimated income taxes for the year.\ 4. Amortization of premium on bonds payable.\ 5. Purchase of long-term investment.\ 6. The book value of FV-NI investments was reduced to fair value.\ 7. Declaration of stock dividends.\ 8. Loss on impairment of accounts receivable recorded (company uses the allowance method). \ 9. Gain on disposal of old machinery.\ 10. Declaration and payment of cash dividends.\ 11. FV-NI investments sold at a loss.\

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