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Hello i need help on this question as you can see all the account names are right as you can see there is no tresury
Hello i need help on this question as you can see all the account names are right as you can see there is no tresury stock as this is the canadian way so please answer how it shows because ast time i was given the wrong answer as i even clearly stated there is no tresury stock
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 $18 per share. Also, assume that Indigo has a credit balance of $3,100 in its Contributed Surplus-Reacquisition of Common Shares account. (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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