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urgent! Marshall Ltd. was incorporated as a private company on January 2,2021, and is authorized to issue an unlimited number of common shares and $1
urgent!
Marshall 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 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. 18 Issued 547,000 common shares for $2.00 per share. 24 Repurchased 182.000 common shares at $1.90 per share. 31 Issued 10,300 common shares in exchange for $15,450 of legal services. (a) Record the above transactions, (Round average cost per share to 2 decimal places, e.3. 1.24. List all debit entries before Record the above transactions, fRound averoge cost per share to 2 decimal places, e.8. 1.24. List all debit entries before credit entries. 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 O for the amounts.) Step by Step Solution
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