Paver 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 12 17 Issued 198,000 common shares for $1.50 per share. Issued 52,000 common shares for $1.79 per share. Issued 10,400 preferred shares for $26.00 per share. Issued 525,000 common shares for $2.00 per share. Repurchased 199,000 common shares at $1.9 per share. Issued 9,000 common shares in exchange for $13,500 of legal services. 18 24 31 Date Account Titles and Explanation Debit Credit Jan. 6 Cash 297,000 Common Shares 297,000 Jan. 12 Cash 93,080 Common Shares 93,080 Jan. 17 Cash 270,400 Preferred Shares 270,400 Jan. 18 Cash 1,050,000 Common Shares 1,050,000 Jan. 24 Common Shares 369,775 Retained Earnings 8,325 Cash 378,100 Jan. 31 Professional Fees Expense 13,500 Common Shares 13,500