Question: Amex Inc had 180 000 common shares issued and outstanding as
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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