THE Q UESTION IS 100 ACCURATE THERE I NO FURTHER INFO AVAILABLE AND NOT EVEN NEEDED IF YOU CANT SOLVE THEN LEAVE PENNYWORTH Corporation was organized on January 1, 2018 It is authorized to issue 19,000 shares of $3 noncumulative preferred shares and an unlimited number of common shares The following share transactions were completed during the first year Jan 1 Issued 86,000 common shares for cash at $3 per share Mar 1 Issued 12,700 preferred shares for cash at $51 per share May 1 Issued 114,000 common shares for cash at $5 per share Sept 1 Issued 4,700 common shares for cash at $6 per share Nov 1 Issued 3,100 preferred shares for cash at $53 per share Dec 1 Declared the annual preferred dividend to the preferred shareholders, to shareholders of record on December 15, payable on January 15, 2019 Dec 31 Reported net income of $126,000 for the year Record the above transactions (Credit account titles are automatically indented when the amount is entered Do not indent manually Round average cost per share to 2 decimal places, e g 2 55 and answers to the nearest dollar eg 5,121 If no entry is required, select No Entry for the account titles and enter O for the amounts Record journal entries in the order presented in the problem ) Date Account Titles and Explanation Debit Credit

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THE Q UESTION IS 100% ACCURATE THERE I NO FURTHER INFO AVAILABLE AND NOT EVEN NEEDED. IF YOU CANT SOLVE THEN LEAVE. PENNYWORTH Corporation was

THE QUESTION IS 100% ACCURATE THERE I NO FURTHER INFO AVAILABLE AND NOT EVEN NEEDED. IF YOU CANT SOLVE THEN LEAVE.

PENNYWORTH Corporation was organized on January 1, 2018. It is authorized to issue 19,000 shares of $3-noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the first year.

Jan.	1	Issued 86,000 common shares for cash at $3 per share.
Mar.	1	Issued 12,700 preferred shares for cash at $51 per share.
May	1	Issued 114,000 common shares for cash at $5 per share.
Sept.	1	Issued 4,700 common shares for cash at $6 per share.
Nov.	1	Issued 3,100 preferred shares for cash at $53 per share.
Dec.	1	Declared the annual preferred dividend to the preferred shareholders, to shareholders of record on December 15, payable on January 15, 2019.
Dec.	31	Reported net income of $126,000 for the year.

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Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round average cost per share to 2 decimal places, e.g. 2.55 and answers to the nearest dollar eg. 5,121. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit