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On May 1, Richetti Corporation incorporated and authorized 187,000 preferred shares and an unlimited number of common shares. On May 2, Richetti issued 2,000 common
On May 1, Richetti Corporation incorporated and authorized 187,000 preferred shares and an unlimited number of common shares. On May 2, Richetti issued 2,000 common shares for $16 per share. On June 15, it issued an additional 1,100 common shares for $17 per share. On November 1, Richetti issued 210 preferred shares for $32 per share. On December 15 , it issued an additional 210 preferred shares for $34 per share. (a) Record the share transactions. (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 0 for the amounts.) Record the share transactions. (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 0 for the amounts.)
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