(Answered) Question - richetti ltd was incorporated as a private

Accounting

Question - Richetti Ltd. was incorporated as a private company on January 2, 2018, 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 190,000 common shares for $1.60 per share.

12 Issued 49,000 common shares for $1.67 per share.

17 Issued 10,700 preferred shares for $27.00 per share.

18 Issued 499,000 common shares for $2.00 per share.

24 Reacquired 220,000 common shares at $1.90 per share.

31 Issued 9,900 common shares in exchange for $14,850 of legal services.

Required - Record the above transactions.

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