On May 1, Pharoah Corporation incorporated and authorized 212,000 preferred shares and an unlimited number...

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Accounting

On May 1, Pharoah Corporation incorporated and authorized 212,000 preferred shares and an unlimited number of common shares. On May 2, Pharoah issued 2,300 common shares for $15 per share. On June 15, it issued an additional 1,100 common shares for $18 per share. On November 1, Pharoah issued 210 preferred shares for $28 per share. On December 15, it issued an additional 210 preferred shares for $34 per share.
(a)
Record the share 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.)
Date
Account Titles
Debit
Credit
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