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E14.3 (LO 2) AP Moosonee Ltd. had the following share transactions during its first year of operations: Jan. 6 Issued 200,000 common shares for

 

E14.3 (LO 2) AP Moosonee Ltd. had the following share transactions during its first year of operations: Jan. 6 Issued 200,000 common shares for $1.50 per share. 12 Mar. 17 July 18 Nov. 17 Issued 50,000 common shares for $1.75 per share. Issued 1,000 preferred shares for $105 per share. Issued 1 million common shares for $2 per share. Reacquired 200,000 common shares for $1.95 per share. Reacquired 150,000 common shares for $1.80 per share. Dec. 30 Instructions a. Journalize the transactions. b. How many common shares remain at the end of the year?

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