Question
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. OA
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