Below are a few transactions relating to Sheridan Corporatio…
Below are a few transactions relating to Sheridan Corporation and their Shareholders’ Equity. On May 1, Sheridan Corporation incorporated and authorized 187,000 preferred shares and an unlimited number of common shares. On May 2, Sheridan issued 3,000 common shares for $16 per share. On June 15, it issued an additional 1,100 common shares for $17 per share. On November 1, Sheridan issued 210 preferred shares for $32 per share. On December 15, it issued an additional 210 preferred shares for $34 per share. Required: Journalize the above share transactions by analyzing the transaction on the left and match them to answer on the right.