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Hello i need help on this question as im having trouble with the last part of A and Part B. THERE IS NO TRESUARY STOCK
Hello i need help on this question as im having trouble with the last part of A and Part B. THERE IS NO TRESUARY STOCK IN THIS QUESTION do not answer with that
2024 Apr. 1 Cash Common Shares June 15 Stock Dividends Stock Dividends Distributable Sept. 20 Stock Dividends Distributable Common Shares Sept. 21 No Entry No Entry Nov. 1 Cash Common Shares Common Shares Retained Earnings Cash On January 1, 2024, Indigo Enterprises Inc. had 80,000 common shares, recorded at \$640,000. Ihe company follows IFRS. During the year, the following transactions occurred: Apr. 1 Issued 6,000 common shares at $10 per share. June Declared a 5\% stock dividend to shareholders of record on September 5, distributable on September 20. The shares 15 were trading for $12 a share on June 15. Sept. Announced a 1-for-2 reverse stock split. Shares were trading at $10 per share at the time. 21 A Nov. 1 Issued 3,000 common shares at $22 per share. Record the last transaction (Dec. 20) assuming the price to reacquire the shares was $15 per share. This is the first time Indigo had repurchased its own shares. (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 the average per share to three decimal places, e.g. 5.271 and final answers to 0 decimal places, e.g. 5,271. List all debit entries before credit entries.) 2024 Apr. 1 Cash Common Shares June 15 Stock Dividends Stock Dividends Distributable Sept. 20 Stock Dividends Distributable Common Shares Sept. 21 No Entry No Entry Nov. 1 Cash Common Shares Common Shares Retained Earnings Cash On January 1, 2024, Indigo Enterprises Inc. had 80,000 common shares, recorded at \$640,000. Ihe company follows IFRS. During the year, the following transactions occurred: Apr. 1 Issued 6,000 common shares at $10 per share. June Declared a 5\% stock dividend to shareholders of record on September 5, distributable on September 20. The shares 15 were trading for $12 a share on June 15. Sept. Announced a 1-for-2 reverse stock split. Shares were trading at $10 per share at the time. 21 A Nov. 1 Issued 3,000 common shares at $22 per share. Record the last transaction (Dec. 20) assuming the price to reacquire the shares was $15 per share. This is the first time Indigo had repurchased its own shares. (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 the average per share to three decimal places, e.g. 5.271 and final answers to 0 decimal places, e.g. 5,271. List all debit entries before credit entries.)Step by Step Solution
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