Blue Buck Ltd reported the following amounts


During 2015,blue buck Ltd took part in the following transactions concerning shareholders equity:

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  1. paid the annual dividend on the preferred shares and a $2 dividend on the common shares.These dividends had been declared on 28 December 2014.
  2. Issued 500 preferred shares at $105.
  3. Received equipment with a market value of $77600 for 7500 common shares
  4. Appropriated retained earnings for plant expansion $200000

use journal entries to record the transactions .Narratives are not required.

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