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Information taken from Nanotec Security Inc. ' s January 3 1 , 2 0 2 3 , balance sheet follows: Common shares, 5 4 0
Information taken from Nanotec Security Inc.s January balance sheet follows:
Common shares, shares authorized,
shares issued and outstanding
$
Retained earnings
On February the company repurchased and retired common shares the first retirement the company has recorded
Required:
Prepare General Journal entries to record the repurchase and retirement under each of the following independent assumptions.
The shares were repurchased for:
a $ per share
b $ per share
c $ per share
A Record the retirement of shares for $ per share.
B Record the retirement of shares for $ per share.
c Record the retirement of shares for $ per share.
Note : journal entry has been entered
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