Culver Ltd Was Incorporated On January 1 2022 During The Year The Company Entered Into The Following Transactions Ja 1 (24.72 KiB) Viewed 40 times
Culver Ltd Was Incorporated On January 1 2022 During The Year The Company Entered Into The Following Transactions Ja 2 (31.62 KiB) Viewed 40 times
Culver Ltd Was Incorporated On January 1 2022 During The Year The Company Entered Into The Following Transactions Ja 3 (13.76 KiB) Viewed 40 times
Culver Ltd. was incorporated on January 1, 2022. During the year the company entered into the following transactions: Jan 5 Issued 40,000 common shares for $2.50 per share. Jan 20 Issued 2,500 common shares to settle legal expenses. The value of the legal expenses was $8,375. Feb 10 Issued 10,000 preferred shares for $50.00 per share. Aug 12 Repurchased 18,000 common shares for $2.40 per share. Oct 1 Issued 5,900 common shares for $2.25 per share. Dec 31 Repurchased 39,500 common shares for $2.60 per share. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem. List all debit entries before credit entries. Round per share to 2 decimal places, eg. 5.75 and final answers to 0 decimal places, eg 5,275)
Date Jan 5 Jan 20 Feb 10 v Aug 12 Oct 1 3 Account Titles and Explanation Debit Credit
Dec 15 v 1000
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