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Grouper Lakes Ltd. (GLL) has the following authorized share capital: During 2024, its first year, GLL had the following share transactions for cash: Jan. 1
Grouper Lakes Ltd. (GLL) has the following authorized share capital: During 2024, its first year, GLL had the following share transactions for cash: Jan. 1 Issued 54,800 common shares for $109,600. Mar, 12 Issued 1,000 Class A preferred shares for $60,000. Apr. 30 Issued 36,000 common shares for $250 per share. June 20 Issued 3,400 Class B preferred shares for $70 per share. GLL did not declare any dividends during 2024, On December 31.2025, a dividend of \$3 per share was declared on prefered shares. issued. (a) Journalize the share transactions, (Credit eccount titles are automaticolly indented when the amount irentered Do not indent mamailk List all debit entries before credit entries .f no entry is required, select "No Entry" for the account tides and enter Ofor the amounts. Rromd journal entries in the order presented in the
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