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3. VUR Industries Inc. originally issued its 6,050 common shares at $20 per share and all are outstanding as of May 1, 2024. REQUIRED: Prepare

3. VUR Industries Inc. originally issued its 6,050 common shares at $20 per share and all are outstanding as of May 1, 2024.

REQUIRED: Prepare general Journal entries for the following:

1) May 1, 2024 - Purchased and retired 925 common shares at $15/share. (3 marks)

2) Jul 1, 2024 - Purchased and retired 76 common shares at $34/share. (4 marks)

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