Bridgeport Corp., a private corporation, received its articles of incorporation on January 3, 2024. It is authorized to issue an unlimited number of common shares and $1 preferred shares. It had the following share transactions during the year:

Jan.	12		Issued 46,500 common shares for $5 per share.
	24		Issued 880 common shares in payment of a $5,418 bill for legal services.
July	11		Issued 930 preferred shares for $25 per share.
Oct.	1		Issued 9,300 common shares in exchange for land. The land's fair value was estimated to be $51,150. Bridgeport's accountant estimated that the fair value of the shares issued might be as high as $6 per share.

(a)

Journalize the share transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

Date	Account Titles	Debit	Credit
choose a transaction date Jan. 12Jan. 24July 11Oct. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 12Jan. 24July 11Oct. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 12Jan. 24July 11Oct. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 12Jan. 24July 11Oct. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

(b)

Calculate the average per share amount for the common shares. (Round answer to 2 decimal places, e.g. 5.25.)

Average cost

$enter the average cost in dollars rounded to 2 decimal places