edugen.wileyplus.com Quiz - Fall 2019 MGCR-211-001/002/003 wilayPLUS WileyPLUS Financial Accounting, Seventh Canadian Edition by Kimmel, Wweygandt, Kieso, Trenholm, Irvine, and Burnley Hele System Announcements NEXT PRINTER VERSION BACK ASSIGNMENT RESOURCES Question 4 Quiz 6 F19 Question CATO Corporation has an unlimited number of common shares authorized and 102.000 common shares issued. At December 31, 2017, CATO had a balance in the Common Shares account of $295,800. On January 1, 2018 CATO reacquired and retired 9,000 common shares at a price of $2.70 cash per share Question 2 Question 3 Question4 Question Prepare the joumal entry for the reacquisition of shares. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry Required" for the account titles and enter o for the amounts.) Quastion 6 Date Account Titles and Explanation Debit Credit Review Score Review Results by Study Objective Jan. 1 Prepare the joumal entry for the reacquisition of shares assuming instead a price of $3.15 was paid and a balance of $1,300 in the Contributed Surplus account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry Required" for the account titles and enter 0 for the amounts.) Credit Date Account Titles and Explanation Debit Jan. 1 Question Attempts: 0 of 3 used