Please help me Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If noentry is required, select "No Entry" for the account titles and enter O for the amounts. Round average per share to 2 decimal places, e.g.52.75 and final answers to O decimal places, e.g. 5,275. Record journal entries in the order presented in the problem. List all debit entriesbefore credit entries.)DateJan. 6Jan. 12Mar. 17July 18Nov. 17VAccount TitlesDebitCredit Sheridan Ltd. had the following share transactions during its first year of operations:Jan.6 Issued 172,000 common shares for $1.60 per share.Issued 43,000 common shares for $1.85 per share.Issued 900 preferred shares for $105 per share.Issued 860,000 common shares for $2 per share.Reacquired 172,000 common shares for $1.95 per share.Dec. 30 Reacquired 129,000 common shares for $1.80 per share.Jan.Mar.12Nov.17July 1817

The re-acquisition of shares means repurchasing the company's own stock from existing shareholders.…

Sheridan Ltd. had the following share transactions during its first year of operations: 6 Issued 172,000 common shares for $1.60 per share. 12 Issued 43,000 common shares for $1.85 per share. Issued 900 preferred shares for $105 per share. Issued 860,000 common shares for $2 per share. Reacquired 172,000 common shares for $1.95 per share. Dec. 30 Reacquired 129,000 common shares for $1.80 per share. Jan. Jan. Mar. 17 July 18 Nov. 17