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Lee Holdings Ltd. was incorporated on January 2, 2014 and on that date issued 50,000...

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Accounting

Lee Holdings Ltd. was incorporated on January 2, 2014 and on that date issued 50,000 common shares for cash at $1 each. On April 30, Lee issued 1,000 preferred, $3 cumulative preferred shares, convertible to common shares at the rate of 6 common shares for one preferred share. The preferred shares were issued for $18 each. On October 15, 600 of the preferred shares were converted to common shares

Journal entry for the three dates, jan , april and oct

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