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Can someone please help me with this? Part A (12 marks) Dr....

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Accounting

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Can someone please help me with this?

Part A (12 marks) Dr. Smith started Biotech Inc. (BTE). on October 1, 2023. On October 1, 2023, BTE issued 100 common shares to Dr. Smith in exchange for $10,000 in cash. Also, the following events occurred in December 2023. a) On December 1, 2023, BTE borrowed $1,200,000,5-year loan, bearing 7% interest.. b) On December 10, 2023, BTE issued 1000 preferred Class A shares to investors for $600 each. The articles of incorporation (charter) disclosed that the Class A, non-cumulative preferred shares had a stated value of $250 per share. c) On December 28, 2023, BTE declared and paid a 5\% stock dividend on the common shares The market value of the common shares before the announcement of the stock dividend was $850 per share. d) On December 30, 2023, BTE paid a dividend to the common shareholders of record of $50 per share. Required: Please prepare the necessary journal entries for the above transactions above as well as any adiusting entries reauired at the vear-end date December 31.2023. Narratives are not reauired

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