Moosonee Ltd. had the following share transactions during its first year of operations: 

Jan. 6 Issued 200,000 common shares for $1.50 per share. 

12 Issued 50,000 common shares for $1.75 per share. 

Mar. 17 Issued 1,000 preferred shares for $105 per share. 

July 18 Issued 1 million common shares for $2 per share. 

Nov. 17 Reacquired 200,000 common shares for $1.95 per share. 

Dec. 30 Reacquired 150,000 common shares for $1.80 per share. 

Instructions 

a. Journalize the transactions. 

b. How many common shares remain at the end of the year?