In Chapter 5 Post-Class Homework X Course Hero * G how to print screen on razer hun x New Tab X + X - > C Dameengage.com/mod/quiz/attempt.php?attempt=38776628cmid=1002542&page=11&scrollpos=200#q12#q12 Getting Started Imported From Fire. Other bookmarks Question 12 > Quiz navigation Take me to the text Partially correct On June 30, 2020, Anna D Inc. had 520,000 outstanding common shares. Its balance sheet on June 30, 2020 shows the common shares balance of $520,000 and the contributed surplus balance of zero. The Mark 15.00 out of 16.00 following are the only changes to Anna D Inc.'s common shares that occurred between June 30, 2020 and June 30, 2021. Flag question Do not enter dollar signs or commas in the input boxes. For transactions that have more than one debit or credit entry, enter the accounts in alphabetical order. a) On July 1, 2020, Anna D Inc. paid $12,600 to reacquire 14,000 of its own common shares. Record the share reacquistion journal entry on July 1, 2020. Date Account Title and Explanation Debit Credit Jul 1 Common Shares 14000 Cash + 12600 Contributed Surplus 1400 To record reacquiring of shares b) On November 1, 2020, Anna D Inc. reacquired an additional 12,000 shares for $48,000 cash. Record the share reacquisition journal entry on November 1, 2020. Date Account Title and Explanation Debit Credit Nov 1 Common Shares 12000 Contributed Surplus 1400 Retained Earnings 34600 Cash 48000 To record reacquiring of shares c) On June 30, 2021, Anna D Inc. issued 12,000 shares at $1.40 per share. After the share issuance, how many outstanding common shares would Anna D Inc. have and what would be Anna D Inc.'s common share balance. Number of Common Shares: 506000 Contact us! Common Share Balance: $ 572200 x