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Carlyon Company listed the following equity items on December 31, 2012:
During 2013, the following transactions occurred:
Dec 3 Answer Required Debit Credit
Common stock to Be distributed xxxxxx
Common stock, $10 par xxxxxx
Dec 28 Answer Required Debit Credit
Retained Earnings xxxxxx
Dividends Payable Preferred xxxxxx
Dividends Payable Common xxxxxx
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