Question: Please help me with this question and please provide detailed explanation. Thank you so much!! E14.3 (LO 2) AP Moosonee Ltd. had the following share
Please help me with this question and please provide detailed explanation.
Thank you so much!!
E14.3 (LO 2) AP 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
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