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Information taken from Nanotec Security Inc.'s January 31, 2020, balance sheet follows: Common shares, 660,000 shares authorized, 58,000 shares issued and outstanding Retained earnings
Information taken from Nanotec Security Inc.'s January 31, 2020, balance sheet follows: Common shares, 660,000 shares authorized, 58,000 shares issued and outstanding Retained earnings $812,000 86,350 On February 1, 2020, the company repurchased and retired 1,800 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. $11.50 per share b. $14.00 per share c. $16.50 per share
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