Cullumber Ltd. had the following share transactions during its first year of operations:

Jan.		6		Issued 248,000 common shares for $1.50 per share.
Jan.		12		Issued 62,000 common shares for $1.75 per share.
Mar.		17		Issued 1,200 preferred shares for $105 per share.
July		18		Issued 1,240,000 common shares for $2 per share.
Nov.		17		Reacquired 248,000 common shares for $1.95 per share.
Dec.		30		Reacquired 186,000 common shares for $1.80 per share.

Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round average per share to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 6Jan. 12Mar. 17July 18Nov. 17Dec. 30
	(Issued common shares for cash.)
Jan. 6Jan. 12Mar. 17July 18Nov. 17Dec. 30
	(Issued common shares for cash.)
Jan. 6Jan. 12Mar. 17July 18Nov. 17Dec. 30
	(Issued preferred shares for cash.)
Jan. 6Jan. 12Mar. 17July 18Nov. 17Dec. 30
	(Issued common shares for cash.)
Nov. 17
	(To record reacquisition of common shares.)
Jan. 6Jan. 12Mar. 17July 18Nov. 17Dec. 30
	(To record reacquisition of common shares.)

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List of Accounts

Question Part Score

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How many common shares remain at the end of the year and what is their average per share? (Round average per share to 2 decimal places, e.g. 52.75.)

Remaining common shares
Average per share