Question: Need answer with a proper format like in pdf or scanned document Limincorp Company had the following recorded in the equity section of their Balance

Need answer with a proper format like in pdf or scanned document

Limincorp Company had the following recorded in the equity section of their Balance Sheet before a share repurchase: Contributed Capital Common Shares, unlimited authorized, 74,000 shares issued and outstanding 1,480,000 Contributed Capital from Retirement of Common Shares 2,960 Total Contributed Capital $ 1,480,000 Retained Earnings 444,000 Total Shareholders' Equity $ 1,924,000 Limincorp Co. repurchased and retired 4,000 common shares for 92,000 REQUIRED: Prepare the journal entry to record the repurchase and retirement of the shares

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