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hey can someone help me find the answer to part B common shares? Penny Worth Ltd. was incorporated as a private company on January 2,

hey can someone help me find the answer to part B common shares? image text in transcribed
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Penny Worth Ltd. was incorporated as a private company on January 2, 2021, and is authorized to issue an unlimited number of common shares and $1 preferred shares. The company had the following share transactions in its first month of operations: Jan. 6 Issued 217,000 common shares for $1.60 per share. Issued 49,000 common shares for $1.72 per share. 12 17 Issued 10,500 preferred shares for $25.00 per share. Issued 505,000 common shares for $2.00 per share. 18 24 31 Repurchased 202,000 common shares at $1.90 per share. Issued 9,500 common shares in exchange for $14,250 of legal services Record the above transactions. (Round average cost per share to 2 decimal places, e.g. 1.24. 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 for the amounts.) Debit Credit Date Account Titles and Explanation Cash 347200 lan, o 347200 Common Shares lan 12 V Cash 84280 Common Shares 84280 262500 lan, 17 Accounts Receivable Preferred Shares 262500 1010000 lan. 18 Cash Common Shares 1010000 Jan. 24 V Common Shares 377740 Retained Earnings 6060 Cash 383800 lan. 31 Professional Fees Expense 14250 Common Shares 14250 e Textbook and Media What is the number and average cost of the preferred and common shares at the end of January? (Round "Average Cost" answers to 2 decimal places, eg. 1.24) Numbers Average Cost Preferred shares 10500 $ 25 Common shares 982500 $ 1.87

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