Whispering Winds Corporation has a December 31 year end. On January 1, 2022, the company...
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Accounting
Whispering Winds Corporation has a December 31 year end. On January 1, 2022, the company had the following shareholder's equity accounts: Preferred Shares, $5 non-cumulative, unlimited number authorized.6,500 issued $1,657,500 Common Shares, unlimited number authorized 220.000 issued 3,300,000 Retained Earnings 3.485.000 Whispering Winds had the following transactions during 2022: Feb 28 issued 3,000 Preferred shares at $110 per share. Apr 3 Reacquired 11.000 Common Shares at $13 a stare Prepare the appropriate journal entries for the transactions during 2022 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries Debit Credit Date Account Titles and Explanation Feb 28 Issued 3,000 Preferred shares at $110 per share. Apr 3 Reacquired 11,000 Common Shares at $13 a share. Prepare the appropriate journal entries for the transactions during 2022 Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Lid all debit entries before credit entries) Debit Credit Date Account Titles and Explanation


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