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QUESTION

At the beginning of 2014, Soufriere Supplies Inc. had only no par value common shares with 1,000,000 shares authorized and 400,000 issued and...

Soufriere Supplies Inc. uses the book value method for accounting for the exercise and/or conversion of its financial instruments.

Required:

Prepare all 2014 journal entries related to the financial instruments issued during 2014.

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