Outdoor Equipment Inc. had 180,000 common shares issued and outstanding as at December 31, 2023. The shares
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Outdoor Equipment Inc. had 180,000 common shares issued and outstanding as at December 31, 2023. The shares had been issued for $9.80 each. On September 12, 2024, Outdoor repurchased and retired 40,000 of these shares at $9.10 each, the first retirement ever recorded by Outdoor. Outdoor also repurchased and retired 20,000 shares at $11.40 on December 17, 2024.
Record the entries on September 12 and December 17.
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2024 Sept 12 Common Shares Contributed Capital From Retirement of Common Shares ...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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