Current Attempt in ProgressOn May 1, Oriole Corporation incorporated and authorized 193,000 preferred shares and an unlimited number of common shares. OnMay 2, Oriole issued 2,800 common shares for $16 per share. On June 15, it issued an additional 1,100 common shares for $17 pershare. On November 1, Oriole issued 160 preferred shares for $29 per share. On December 15, it issued an additional 160 preferredshares for $33 per share.(a)Record the share transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem.Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "NoEntry" for the account titles and enter O for the amounts.)

Journal entry is the first stage of the accounting process.Journal entry is used to record business…

On May 1, Oriole Corporation incorporated and authorized 193,000 preferred shares and an unlimited number of common share May 2, Oriole issued 2,800 common shares for $16 per share. On June 15, it issued an additional 1,100 common shares for $17 p share. On November 1, Oriole issued 160 preferred shares for $29 per share. On December 15, it issued an additional 160 prefer shares for $33 per share. (a) Record the share transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem.

On May 1, Oriole Corporation incorporated and authorized 193,000 preferred shares and an unlimited number of common share May 2, Oriole issued 2,800 common shares for $16 per share. On June 15, it issued an additional 1,100 common shares for $17 p share. On November 1, Oriole issued 160 preferred shares for $29 per share. On December 15, it issued an additional 160 prefer shares for $33 per share. (a) Record the share transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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