Question: Current Attempt in Progress Culver Ltd. was incorporated on January 1, 2024. During the year the company entered into the following transactions: Jan. 5 Issued

Current Attempt in Progress Culver Ltd. was incorporated on January 1, 2024. During the year the company entered into the following transactions: Jan. 5 Issued 48,000 common shares for $2.50 per share. Jan. 20 Issued 3,000 common shares to settle legal expenses. The value of the legal expenses was $10,050. Feb. 10 Issued 10,000 preferred shares for $50.00 per share. Aug. 12 Repurchased 14,400 common shares for $2.40 per share. Oct. 1 Issued 5,900 common shares for $2.25 per share. Dec. 15 Repurchased 20,000 common shares for $2.65 per share. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manu entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in problem. List all debit entries before credit entries. Round per share calculations to 2 decimal places, e.g. 5.75 and final answers to O places, e.g. 5,275.)

Culver Ltd. was incorporated on January 1, 2024. During the year the company entered into the following transactions: Jan. 5 Issued 48,000 common shares for $2.50 per share. Jan. 20 Issued 3,000 common shares to settle legal expenses. The value of the legal expenses was $10,050. Feb. 10 Issued 10,000 preferred shares for $50.00 per share. Aug. 12 Repurchased 14,400 common shares for $2.40 per share. Oct. 1 Issued 5.900 common shares for $2.25 per share. Dec. 15 Repurchased 20,000 common shares for $2.65 per share. Record the above transactions. (Credit occount titles are automatically indented when the amount is entered. Do not indent man entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in problem. List all debit entries before credit entries. Round per share calculations to 2 decimal places, eg. 5,75 and final answers to 0 places, e.g. 5,275 .)

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