please help me with the 2 questions
Question 4 Covington Lid. 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: Jan. 6 Issued 207,000 common shares for $1.50 per share. 12 Issued 55,000 common shares for $1.58 per share. 17 Issued 9,100 preferred shares for $27.00 per share. 18 Issued 490,000 common shares for $2.00 per share. 24 Reacquired 202,000 common shares at $1.90 per share. 31 Issued 10,200 common shares in exchange for $15,300 of legal services. Record the above transactions. ( Round average cost per share to 3 decimal places, e.g. 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. Date Account Titles and Explanation Debit Credit Jan. 6 v Cash 310500 Common Shares 310500 Jan. 12 V Cast 26900 Common Shares 8690 0 Jan. 17 Cast 245700 Common Shares 245700 Jan. 18 Cast 980000 Common Shares 980000 Jan. 24 Common Shares Retained Earnings Cast Jan. 31 \\ Professional Fees Expense 15300 Common Shares 15300 SHOW LIST OF ACCOUNTS LINK TO TEXT 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.) Numbers Average Cost Preferred shares Common sharesQuestion 5 On January 1, 2018, Accustart Corporation had 83,000 common shares, recorded at $599,000, and retained earnings of $1,013,000. During the year, the following transactions occurred: Apr. 2 Issued 5,100 common shares at $20 per share. June 15 Declared a cash dividend of $0.35 per share to common shareholders of record on June 30, payable on July 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $21 a share on August 21, $24 on September 5, and $27 on September 20. Nov. 1 Issued 3,000 common shares at $25 per share. Dec. 20 Declared a cash dividend of $0.40 per share to common shareholders of record on December 31, payable on January 10. Record the above transactions for 2018. (Note: Closing entries are not required.) (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. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Apr. 2 Cash 102000 Common Shares 102000 June 15 v Dividends Declared Dividends Payable July 10 v Dividends Payable Cash Aug. 21 Dividends Declared Stock Dividends Distributable Sept. 20 Stock Dividends Distributable Common Shares Nov. 1 v Cash Common Shares Dec. 20 v Dividends Declared Dividends Payable SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT What is the number of common shares at the end of the year? Number of common shares
