Question

Amex Inc. had 180,000 common shares issued and outstanding as at December 31, 2014. The shares had been issued for $9.80 each. On September 12, 2015, Amex repurchased and retired 40,000 of these shares at $9.10 each, the first retirement ever recorded by Amex. Amex also repurchased and retired 20,000 shares at $11.40 on December 17, 2015. Record the entries on September 12 and December 17.



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  • CreatedJanuary 08, 2015
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