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Journalize the following transactions Question 1 Marshall Ltd. was incorporated as a private company on January 2, 2018, and is authorized to issue an unlimited
Journalize the following transactions
Question 1 Marshall Ltd. was incorporated as a private company on January 2, 2018, 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 218,000 common shares for $1.40 per share. 12 Issued 48,000 common shares for $1.65 per share. 17 Issued 10,800 preferred shares for $23.00 per share. 18 Issued 460,000 common shares for $2.00 per share. 24 Reacquired 205,000 common shares at $1.90 per share. 31 Issued 9,200 common shares in exchange for $13,800 of legal services. (a) Record the above transactions. (Round average cost per share to 3 decimal places, e.g. 1.246. 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.) Date Account Titles and Explanation Debit CreditStep by Step Solution
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