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Cullumber Corp had 2,800 preferred shares issued with a balance of $64,400 and 131,000 common...

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Accounting

Cullumber Corp had 2,800 preferred shares issued with a balance of $64,400 and 131,000 common shares issued with a balance of
$786,000 at the beginning of the year. The following share transactions occurred during the year:
June 12 Issued 49,500 common shares for $7 per share.
July 11 Issued 900 preferred shares for $25 per share.
Oct. 1 Issued 10,200 common shares for $8 per share.
Nov. 15 Issued 22,700 preferred shares for $29 per share.
(a)
Record the above transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem.
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.)
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