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ces Information taken from Nanotec Security Inc.'s January 31, 2023, balance sheet follows: Common shares, 480,000 shares authorized, 40,000 shares Issued and outstanding Retained earnings
ces Information taken from Nanotec Security Inc.'s January 31, 2023, balance sheet follows: Common shares, 480,000 shares authorized, 40,000 shares Issued and outstanding Retained earnings $300,000 81,850 On February 1, 2023, the company repurchased and retired 900 common shares (the first retirement the company has recorded) Required: Prepare General Journal entries to record the repurchase and retirement under each of the following independent assumptions The shares were repurchased for a. $7.00 per share b. $9.50 per share c. $12.00 per share View transaction list View journal entry worksheet No Date General Journal Debit Credit A Feb 01, 2023 Contributed capital from retirement of common shares Cash B Feb 01, 2023 Contributed capital from retirement of common shares Cash C Feb 01, 2023 Contributed capital from retirement of common shares Cash
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