On May $1,$ Wildhorse Corporation incorporated and authorized $211,000$ preferred shares and an unlimited number of common shares. On May $2,$ Wildhorse issued $2,900$ common shares for $$15$ per share. On June $15,$ it issued an additional $1,100$ common shares for $$18$ per share. On November $1,$ Wildhorse issued $230$ preferred shares for $$30$ per share. On December $15,$ it issued an additional $230$ preferred shares for $$37$ per share.

$($a$)$

Record the share transactions. $($List all debit entries before credit entries. Record journal entries in the order presented in the problem. 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.$)$

Date

Account Titles

Debit

Credit

b$,$ 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