Coronado Corporation showed the following information on its financial statements on December 31, 2024:

Preferred Shares, no par value, $5 cumulative, 290,000 shares authorized, 190,000 shares issued and outstanding		$19,000,000
Common Shares, no par value, unlimited shares authorized, 420,000 shares issued and outstanding		$10,500,000

The following transactions occurred, in the order given, during 2025:

(a)		April 15: Received subscriptions and down payments for 100,000 common shares at $33 per share. The subscription contracts call for 50% of the subscription price to be paid upon receipt, and the remaining 50% to be paid on June 30. In the event of default on the subscriptions, the company will retain the down payment.
(b)		May 1: Issued 50,000 preferred shares at $125 per share.
(c)		June 30: Received payment for 80,000 of the subscribed common shares; the remaining 20,000 defaulted. Issued the share certificates for the appropriate number of shares.
(d)		August 5: Repurchased and cancelled 20,000 common shares at a cost of $19 per share.
(e)		September 15: Declared dividends for preferred shares (dividends had not been paid the previous year). Also declared $2.30 per share dividend for common shares. Both dividends are to be paid on November 1 to shareholders of record on October 1.
(f)		If the preferred shares had a $100 par value, what would be the journal entry for the May 1 issuance of preferred shares in part (b)?

Prepare the journal entries to record the above transactions for Coronado Corporation for 2025. (List all debit entries before credit entries. 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. Round average share price to 2 decimal places for intermediate calculations, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.)

No.	Account Titles and Explanation	Debit	Credit
(a)	Share Subscriptions Receivable	enter a debit amount Correct answer	enter a credit amount Correct answer
	Common Shares Subscribed	enter a debit amount Correct answer	enter a credit amount Correct answer
	(To record sale of shares on a subscription basis)
	Cash	enter a debit amount Correct answer	enter a credit amount Correct answer
	Share Subscriptions Receivable	enter a debit amount Correct answer	enter a credit amount Correct answer
	(To record collection of down payment)
(b)	Cash	enter a debit amount Correct answer	enter a credit amount Correct answer
	Preferred Shares	enter a debit amount Correct answer	enter a credit amount Correct answer
(c)	Cash	enter a debit amount Correct answer	enter a credit amount Correct answer
	Share Subscriptions Receivable	enter a debit amount Correct answer	enter a credit amount Correct answer
	(To record receipt of cash for the final installment on subscribed shares)
	Common Shares Subscribed	enter a debit amount Correct answer	enter a credit amount Correct answer
	Share Subscriptions Receivable	enter a debit amount Correct answer	enter a credit amount Correct answer
	Contributed Surplus	enter a debit amount Correct answer	enter a credit amount Correct answer
	(To record default on subscribed shares)
	Common Shares Subscribed	enter a debit amount Correct answer	enter a credit amount Correct answer
	Common Shares	enter a debit amount Correct answer	enter a credit amount Correct answer
	(To record issuance of common shares for those subscribed and paid for)
(d)	Common Shares	enter a debit amount	enter a credit amount Incorrect answer
	Cash	enter a debit amount Correct answer	enter a credit amount Correct answer
	Contributed Surplus	enter a debit amount Incorrect answer	enter a credit amount
(e)	Dividends	enter a debit amount Incorrect answer	enter a credit amount Incorrect answer
	Dividends Payable	enter a debit amount Incorrect answer	enter a credit amount Incorrect answer
	(To record dividend declared)
	Dividends Payable	enter a debit amount Incorrect answer	enter a credit amount Incorrect answer
	Cash	enter a debit amount Incorrect answer	enter a credit amount Incorrect answer
	(To record dividend paid)
(f)	Cash	enter a debit amount Correct answer	enter a credit amount Correct answer
	Preferred Shares	enter a debit amount Correct answer	enter a credit amount Correct answer
	Contributed Surplus	enter a debit amount Correct answer	enter a credit amount Correct answer

Please, answer only D and E!