aj.2 Wildhorse Ltd. had the following share transactions during its first year of operations:Jan.6Issued 188,000 common shares for $1.60 per share.Jan.12Issued 47,000 common shares for $1.85 per share.Mar.17Issued 900 preferred shares for $105 per share.July18Nov.17Issued 940,000 common shares for $2 per share.Reacquired 188,000 common shares for $1.95 per share.Dec.30Reacquired 141,000 common shares for $1.80 per share.(a)Your answer is partially correct.Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles andenter 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 alldebit entries before credit entries.)DateAccount TitlesJan. 6CashCommon SharesJan. 12CashDebit300,80086,950Credit300,800

Stockholders' equity refers to the residual value of the business which belongs to the owners of the…

Wildhorse Ltd. had the following share transactions during its first year of operations: Jan. 6 Issued 188,000 common shares for $1.60 per share. Jan. 12 Issued 47,000 common shares for $1.85 per share. Mar. 17 July 18 Nov. Dec. 17 30 30 Issued 900 preferred shares for $105 per share. Issued 940,000 common shares for $2 per share. Reacquired 188,000 common shares for $1.95 per share. Reacquired 141,000 common shares for $1.80 per share.