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Consider the following assumed transactions of Ambient Productions: Mar 18 Issued 1,800 shares of $1.25 par ordinary share at $10 per share. May 21 Purchased

Consider the following assumed transactions of Ambient Productions: Mar 18 Issued 1,800 shares of $1.25 par ordinary share at $10 per share. May 21 Purchased 440 shares of treasury share at $12 per share. 10 Sold 300 shares of treasury share at $20 per share. Aug Requirement 1. Journalize the transactions for Ambient Productions. 2. What was the overall effect of these transactions on Ambient's shareholders' equity? Z Requirement 1. Journalize the transactions for Ambient Productions. (Record debits first, then credits. Explanations are not required. Leave unused cells blank.) Mar. 18: Issued 1,800 shares of $1.25 par ordinary share at $10 per share. Date Mar 18 Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. OAimage text in transcribed

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