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2. Top of the World, Ltd. reported the following summarized balance sheet at December 31, 2018: Assets: Current assets Proper
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Journal Entries Transaction Debit Credit Date 2019 March 3 $5 Cash Alc $ 900 To Preferred stuck To Additional Paidan- CapitalNovember 11 $8,000 Treasury stucka To Cash (To record ge-acqured $8,000 Common stock) Top of the World, Ltd stockholders Equ

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