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The articles of incorporation for Peahen Corp. authorize the company to issue 100,000$6 preferred shares...

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Accounting

The articles of incorporation for Peahen Corp. authorize the company to issue 100,000$6 preferred shares and 500,000 common shares. During first year of operations, Peahen Corp. completed the following selected transactions:
(C)(Click the icon to view the transactions.)
Required
Record the transactions in the general journal.
Prepare the shareholders' equity section of the Peahen Corp. balance shest at November 30,2020
Requirement 1. Record the transactions in the journal. (Record debits first, then credits. Explanations are not required.)
Dec. 4,2019 issued 6,000 fommon shares to the consultants who formed the corporation, receiving cash of $180,000
\table[[Journal Entry],[Date,,Accounts,Debit,Credit],[Dec.],[,,,,],[,,,,]]
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