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. Aug. 10 Sold 300 shares of treasury share at $20 per share. 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. May 21: Purchased 440 shares of treasury share at $12 per share. Date May 21 Journal Entry Accounts Aug. 10: Sold 300 shares of treasury share at $20 per share. Date Aug- 10 Debit Credit Journal Entry Accounts Debit Credit Requirement 2. What was the overall effect of these transactions on Ambient's shareholders' equity? The overall effect of these transactions on Ambient's shareholders' equity was of $ Choose from any list or enter any number in the input fields and then continue to the next
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