Question: CALCULATOR FULL SCREEN PTVERSION Moosonee Co. Ltd. had the following share transactions during its first year of operations: & BACK Jan. 6 Jan. 12 Mar.

 CALCULATOR FULL SCREEN PTVERSION Moosonee Co. Ltd. had the following share
transactions during its first year of operations: & BACK Jan. 6 Jan.
12 Mar. 17 July 18 Nov. 17 Dec. 30 Issued 188,000 common

CALCULATOR FULL SCREEN PTVERSION Moosonee Co. Ltd. had the following share transactions during its first year of operations: & BACK Jan. 6 Jan. 12 Mar. 17 July 18 Nov. 17 Dec. 30 Issued 188,000 common shares for $1.50per share Issued 47,000 common shares for $1.90 per share. Issued 900 preferred shares for $105 per share. Issued 940,000 common shares for $2 per share. Reacquired 188,000 common shares for $1.95 per share. Reacquired 141,000 common shares for $1.80 per share. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round average cost per conmon share to 2 decimal places, e.g. 52.75 and all other answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 6 Cash Common Shares Jan. 12 Cash Common Shares ES Jan. 6 Cash CALCULATOR FULL SCREEN PRINTER Common Shares Jan. 12 Cash Common Shares Mar. 17 Cash Preferred Shares July 18 Cash Common Shares Nov. 17 Common Shares Contributed Surplus - Reac Cash Dec. 30 Common Shares Contributed Surplus - Read Cash How many common shares remain at the end of the year and what is their average cost? (Round average cost to 2 decimal places, e.g. 52.75.) y Remaining common shares $ Average cost $ Click if you would like to Show Work for this question: Open Show Work SHOW UST OF ACCOUNTS

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!