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follow format provided Monty Ltd was incorporated on January 1. 2022. During the year the company entered into the following trarsactions: Jan 5 tssued 100.000
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Monty Ltd was incorporated on January 1. 2022. During the year the company entered into the following trarsactions: Jan 5 tssued 100.000 comunon shares for $2.50 per share. Jan 20 Issued 2500 common dhares to sette legal expenses. The value of the legal expenses wis 39.375. Feb 10 Issued 11.000 preferred shares for 550.00 per share. Aurs 12 Repurchased 15.000 commonshares for $2.40 per share. Oct 1 Issued 4.900 common shares for 32.25 per share. Dec 31 Repurchased 37,500 common shares for $2.65 per share. Record the above transactions. (Credit occount tities are outomotically indented when the amount is enternd Do not indent manwily Recorif Joumal entries in the onder presented in the problem List all debit entries before credit entries. Round per shore to 2 decimel placers e 25.575 and finat answvers to 0 decimal places, es, 5.275.) Date Account Tities and Explanation Debit Credit Common Shares Lesal Expense \begin{tabular}{|r|} \hline 9375 \\ \hline \end{tabular} Commonshares PreferedShares 550000 Aus 12 Common Shares Contributed Surplus Cash Dec 15 Cornmon Shares Contributed Surglus 2250 Retained Earnings Cash Step by Step Solution
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