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Cullumber Ltd. had the following share transactions during its first year of operations: Jan. 6...

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Accounting

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Cullumber Ltd. had the following share transactions during its first year of operations: Jan. 6 Jan. 12 Mar. 17 Issued 156,000 common shares for $ 1.50 per share. Issued 39.000 common shares for $1.75 per share. Issued 800 preferred shares for $ 105 per share. Issued 780,000 common shares for $2 per share. Reacquired 156.000 common shares for $1.95 per share. Reacquired 117,000 common shares for $ 1.80 per share. July 18 Nov. 17 Dec. 30 Journalize the transactions. (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 for the amounts. Round average per share to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Issued common shares for cash.) Date Account Titles and Explanation Debit Credit

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