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ABC Company began operations on January 1 , Year 1 . The following transactions and events occurred in Year 1 : 1 ) On January
ABC Company began operations on January Year The following transactions and events occurred in Year :
On January ABC issued nopar value common shares for $ per share.
On November ABC repurchased and cancelled of the common shares for $ per share.
On December ABC declared and paid dividends to the common shareholders of $ per share.
During all of Year ABC earned net income of $
Part : Prepared the journal entry to record the repurchase and cancellation of the shares on November
Part : Complete the following table
What amount would Kalkata show for Common shares on the December Balance Sheet
What amount would Kalkata show for Retained Earnings on the December Balance Sheet
Total dividends paid in Year
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