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On May 1, Macaron Corporation incorporated and authorized 186,000 preferred shares and an unlimited number of common shares. On May 2, Macaron issued 2,000 common

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On May 1, Macaron Corporation incorporated and authorized 186,000 preferred shares and an unlimited number of common shares. On May 2, Macaron issued 2,000 common shares for $15 per share. On June 15, it issued an additional 1,100 common shares for $16 per share. On November 1, Macaron issued 160 preferred shares for $33 per share On December 15, it issued an additional 160 preferred shares for $38 per share. Record the share transactions. (Credit account titles are automatically indentext 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) Date Account Titles and Explanation Debit Credit List of Accounts Indicate how many shares are authorized and how many are issued at the end of the year for the (1) preferred shares and (2) common shares. Number of shares authorized Number of shares issued (1) Preferred shares (2) Common shares

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