Richetti 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:

Exercise 11-3 Richetti Ltd. was incorporated as a private companyr 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 rst month of operations: Jan. 6 Issued 190.000 common shares for $1.60 per share. 12 Issued 49,000 common shares for $1.67r per share. 17 Issued 10,700 preferred shares For $22.00 per share. 18 Issued 499.000 common shares for $2.00 per share. 24 Reacquired 220,000 common shares at $1.90 per share. 31 Issued 9,900 common shares in exchange For $14,850 of legal services. Record the above transactions. { Round average cost per share to 3 declmal places, e. g. 1.246. Credlt account tles are automatically lndented when the amount ls entered. Do not lndent manually. If no entry ls requlred, select "No Entry" for the account titles and enter a for the amounts.) Dalia Aconml: 1103 and Explanation V Cash and": Common She n25 ( ( Cash 31330 Common Shares 31330 ( ( Cash 230900 Preferred Shares 233900 Jan. 18 3 Cash 998000 998000 Common Sha res D _ _ - - _ _ _ I ._.