Catcher Corp.'s shareholders' equity had the following account balances: Common shares, unlimited authorized, 4,000,000 issued and outstanding............$24,500,000
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Common shares, unlimited authorized, 4,000,000 issued and outstanding............$24,500,000
Retained earnings..................................................................................150,700,000
On July 3, Catcher Corp. reacquired and retired 52,000 common shares at $8 per share. On September 22, Catcher Corp. purchased and retired an additional 200,000 shares at $6 per share. On November 10, Catcher Corp. purchased and retired another 10,000 shares at $9 per share.
Journalize the entries to record the July 3, September 22, and November 10 transactions.
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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