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Cullumber Obsarvation Inc on May 1, 2024, and was autharizad to issuz 500,000 common sharss and 100,000 5%s, non-participating, comertible preferred shares. During the remainder
Cullumber Obsarvation Inc on May 1, 2024, and was autharizad to issuz 500,000 common sharss and 100,000 5\%s, non-participating, comertible preferred shares. During the remainder of 2024 , the company entered into the following transactions: 1. lssued 33,000 common shares in exchange for $693,000 2. Issued 5,000 prafarrad sharss in exchange for $75,000. 3. Repurchased 3,000 common shares for $23.00 per share in the open market. The company antered into no other transactions that affected sharaholders' equity during 2024. (3) Provide the journal antrias for aach of the 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 O for the amounts. List all debit entries before credit entries
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