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Pembina Ltd, was incorporated as a private company on January 2, 2018, and is authorized to issue an unlimited number of common shares and $1
Pembina 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: Issued 203,000 common shares for $1.60 per share. 12 Issued 51,000 common shares for $1.58 per share. 17 Issued 11.000 preferred shares for $25.00 per share. Jan share. 31 Issued 10,300 common shares in exchange for $15,450 of legal services. Record the above transactlons. (Round average cost per share to 3 decimal places, eg 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 0 for the amounts) Account Titles and Explanation Debit Date Credit Jan. 24 What is the number and average cost of the preferred and common shares at the end of January? (Round answers to 3 decimal places, e.g. 1.246.) Average Cost Numbers Preferred shares Common shares Please help and explain all your steps. Thank you
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