Question: Please help me journalize these transactions, and answer the question in the screenshot, thank you so much! please provide detailed explanation' Journalizing transactions (AOFL) Attached

Journalizing transactions (AOFL) Attached Files: Blanks for preferred shares.xlsx (9.526 KB) Bets Buy Inc. has the following share transactions during its first year of operations: Jan 6 Issued 200,000 common shares for $1.50 per share. Jan 12 issued 50,000 common shares $1.75 per share Mar 17 Issued 1,000 preferred shares for $105 per share July 18 Issued 1 million common shares for $2 per share Nov 17 Reacquired 200,000 common shares for $1.95 per share Dec 30 Reacquired 150,000 common shares for 1.80 per share INSTRUCTIONS: a) Journalize the transactions b) Ho many common shares remain at the end of teh year and what is their average cost
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
