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1. Issued 30,000 common shares in exchange for $660,000. 2. Issued 5,000 preferred shares in exchange for $60,000. 3. Repurchased 3,000 common shares for $23.00

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1. Issued 30,000 common shares in exchange for $660,000. 2. Issued 5,000 preferred shares in exchange for $60,000. 3. Repurchased 3,000 common shares for $23.00 per share in the open market. The company entered into no other transactions that affected shareholders' equity during 2024. Provide the journal entries for each of the transactions. (Credit account titles are automatically indented when the amount is entere before credit entries.)

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