Springfield Ltd. was incorporated as a private company on January 2, 2021, and is authorized...
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Springfield Ltd. was incorporated as a private company on January 2, 2021, and is authorized to issue an unlimited number of common shares and $1 preferred shares. The company had the following share transactions in its first month of operations:
Jan.
6
Issued 218,000 common shares for $1.60 per share.
12
Issued 48,000 common shares for $1.76 per share.
17
Issued 10,100 preferred shares for $25.00 per share.
18
Issued 543,000 common shares for $2.00 per share.
24
Repurchased 200,000 common shares at $1.90 per share.
31
Issued 9,200 common shares in exchange for $13,800 of legal services.
Record the above transactions
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