Question: answer in the format required please and in less than 30 min please Blue Spruce Corporation has a December 31 year end. On January 1,

Blue Spruce Corporation has a December 31 year end. On January 1, 2022, the company had the following shareholder's equity accounts: Preferred Shares, $4 non-cumulative, unlimited number authorized, 5,500 issued $1,402.500 Common Shares, unlimited number authorized, 250,000 issued 4,750,000 Retained Earnings 2,855,000 Blue Spruce had the following transactions during 2022: Feb 28 Issued 2.500 Preferred shares at $120 per share. Apr 3 Reacquired 14,000 Common Shares at $17 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. List all debit entries before credit entries.) Date Feb 28 Account Titles and Explanation Debit 300000 Credit 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.) Date Feb 28 Apr 3 Account Titles and Explanation Cash Preferred Shares Common Shares Cash Dividends Cash Debit 300000 62000 Credit 300000 238000
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