question 1)

question 2)

Current Attempt in Progress On January 1, 2021, Greencastle Corporation had 73,000 common shares, recorded at $576,000, and retained earnings of $941,000. During the year, the following transactions occurred: Apr June 15 2 Issued 5,400 common shares at $20 per share. Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10. Aug 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20, The shares were trading for $21 a share on August 21, $24 on September 5, and $25 on September 20. Issued 3,300 common shares at $24 per share Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January Nov 1 Dec 20 10. Record the above transactions for 2021. (Note: Closing entries are not required.) (List all debit entries before credit entries. 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.) e Account Titles and Explanation Debit Credit Cash 108000 Common Shares 108000 5 Dividends Declared Dividends Payable Dividends Payable Cash 14 Dividends Declared Stock Dividends Distributable 00 Stock Dividends Distributabile Common shares Com Shares 0 Dividends Declared Dividenda wote On June 8, Pearl City Ltd. was incorporated and issued 29,400 common shares for $294,000. On August 19, an additional 7,350 shares were issued for $88,200. On November 2, the company paid $28,224 to repurchase 2,940 common shares and on December 7 It paid $50,960 to repurchase 3,920 common shares. (a) Your answer is incorrect Calculate the average cost of the common shares on June 8, August 19. November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) Average Cost June 8 $ Aug. 19 $ Nov. 2 $ Dec 7 $