Heuristic Solutions is authorized to issue an unlimited number of common shares and 50,000 preferred shares . During its first year ( 2019 ) , the business completed the following share issuance transactions : July 19 : Issued 50,000 common shares for cash of $ 5 per share . Oct 3 : Issued 500 , $ 1.50 preferred shares for $ 50,000 cash . Oct 11 : Received inventory valued at $ 20,000 and equipment with fair value of for 5000 common shares . \$10.000 Requirements a . Journalize the transactions . b . Prepare the shareholders ' equity section of Heuristic Solution's balance sheet . The ending balance of Retained Earnings is a deficit of $ 95,000 .

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.