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Information taken from Nanotec Security Inc.'s January 31, 2020, balance sheet follows: Common shares, 620,000 shares authorized, 54, eee shares issued and outstanding Retained earnings
Information taken from Nanotec Security Inc.'s January 31, 2020, balance sheet follows: Common shares, 620,000 shares authorized, 54, eee shares issued and outstanding Retained earnings $782,600 85, 350 On February 1, 2020, the company repurchased and retired 1600 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. $10.50 per share b. $13.00 per share c. $15.50 per share View transaction list Journal entry worksheet BC Record the retirement of shares for $10.50 per share. Note: Enter debits before credits Date General Journal Debit Credit Feb. 01. 2020
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