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Carla Vista Ltd. had the following share transactions during its first year of operations: Jan. 6 Issued 228,000 common shares for $1.50 per share. Jan.
Carla Vista Ltd. had the following share transactions during its first year of operations:
Jan. | 6 | Issued 228,000 common shares for $1.50 per share. | ||
Jan. | 12 | Issued 57,000 common shares for $1.75 per share. | ||
Mar. | 17 | Issued 1,100 preferred shares for $105 per share. | ||
July | 18 | Issued 1,140,000 common shares for $2 per share. | ||
Nov. | 17 | Reacquired 228,000 common shares for $1.95 per share. | ||
Dec. | 30 | Reacquired 171,000 common shares for $1.80 per share. |
Please answer the questions above.
Nov 17 Common Shares 342000 Contributed Surplus - Reacquisition of Common Shares 102800 Cash [To record reacquisition of common shares) Dec 30 Common Shares 256500 Contributed Surplus - Resoquisition of Common Shares 51300 Cash [To record reacquisition of common shares) How many common shares remain at the end of the year and what is their average pershare? (Rowd average pershave to 2 decimal abces, eg. 52.75.1 Remaining common shares 1028000 Average per share $ 192Step by Step Solution
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