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Sarasota Corporation, a private corporation, was organized on February 1, It is authorized...

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Accounting

Sarasota Corporation, a private corporation, was organized on February 1,
It is authorized to issue 88,800,$6 noncumulative preferred shares, and
an unlimited number of common shares. The following transactions were
completed during the first year:
Journalize the transactions. (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. Record
journal entries in the order presented in the problem. List all debit entries before
credit entries.)
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