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follow provided format Monty Ltd. was incorporated on January 1, 2022. During the year the company entered into the following transactions: Jan 5 Issued 60,000
follow provided format Monty Ltd. was incorporated on January 1, 2022. During the year the company entered into the following transactions: Jan 5 Issued 60,000 common shares for $2.50 per share, Jan 20 Issued 2,500 common shares to settle legal expenses. The value of the legal expenses was $9,375. Feb 10 Issued 11,000 preferred shares for $50.00 per share. Aug 12 Repurchased 15,000 common shares for $2.40 per share. Oct 1 Issued 4.900 common shares for $2.25 per share. Dec 31 Repurchased 37,500 common shares for $2.65 per share. Record the above transactions. (Credit account titles are automatically indented when the omount is entered, Do not indent manually. Record joumal entries in the order presented in the problem. List all debit entries before credit entries. Round per share to 2 decimal places, es. 5.75 and final answers to 0 decimal ploces, eg. 5,275. Account Titles and Explanation Debit Credit Cash \begin{tabular}{|r|} \hline 150000 \\ \hline \end{tabular} Common Shares Jan20% Legal Expense \begin{tabular}{|} 9375 \\ \hline \end{tabular} Commonshares Feb 10 Cash 550000 Preferred Shares Aug 12 - Common 5hares: 38250 Contributed Surplus Cash Oct 1 Cash 11025 Common Shares 11025 Dec 15 Common Shares Contributed Surplus 2250 Retained Earnings Cash 99375
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