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ACCT 220 HOMEWORK WEEK 6
Please submit in Excel and answer each question on a separate tab
1.
Meca Corporation began operations on Jan. 1, 2014. Meca’s articles of
incorporation authorized 5 million shares of $1 par value common stock and 1
million shares of $60 par value preferred stock. Meca Corporation had the
following transactions:
Mar. 15
Mar. 24
Apr. 4
Sold 2 million common shares for $10 per share