Current Attempt in Progress

On June $8,$ Wildhorse Ltd$.$ was incorporated and issued $30,600$ common shares for $$306,000.$ On August $19,$ an additional $7,650$

shares were issued for $$91,800.$ On November $2,$ the company paid $$37,440$ to repurchase $3,900$ common shares and on December $7$

it paid $$67,600$ to repurchase $5,200$ common shares.

$($a$)$

Your answer is correct.

Calculate the average cost of the common shares on June $8,$ August $19,$ November $2,$ and December $7.($Round answers to $2$ decimal

places, e$.$g$.15\mathrm{.}25.)$

Average Cost

June $8$$

Aug. $19$$

Nov. $2$$

Dec. $7$$

$($b$)$

Your answer is partially correct.

Prepare the journal entries to record the above transactions. $($List all debit entries before credit entries. Record journal entries in the

order presented in the problem. 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.$)$