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3. VUR Industries Inc. originally issued its 6,950 common shares at $22 per share and all are outstanding as of June 1, 2024. REQUIRED: Prepare

3. VUR Industries Inc. originally issued its 6,950 common shares at $22 per share and all are outstanding as of June 1, 2024.

REQUIRED:

Prepare general Journal entries for the following:

1) Jun 1, 2024 - Purchased and retired 607 common shares at $17/share. (3 marks

2) Jul 1, 2024 - Purchased and retired 317 common shares at $32/share. (4 marks)

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