Pool Corporation is authorized to issue an unlimited number of common shares and 1,000,000 shares of preferred shares. During 2021, its first year of operation, the company had profit of 200,000. The following share transactions occurred: 
Instructions
a) Journalize the transactions for Pool Corporation.
b) Prepare the shareholders' equity section of the balance sheet, Pool has a December 31 year-end.
Definitions:
Personal Information
Refers to data that can be used to identify, contact, or locate a single person, including but not limited to, name, address, and social security number.
Breach
The violation of a law, duty, or other form of agreement, resulting in an actionable grievance.
Strobe-Light Image
A visual effect produced by rapid flashes of light, creating a series of frozen images of moving objects.
Specific Intent
A legal term indicating that an individual had a particular purpose or objective in mind when committing an act, especially relevant in criminal law.
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