{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-21T21:07:09-04:00", "answer_date": "2024-05-21 21:07:09", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1474276", "url": "\/study-help\/questions\/information-taken-from-nanotec-security-incs-january-31-2023-balance-1474276", "question_creation_date_js": "2024-05-21T21:07:09-04:00", "question_creation_date": "May 21, 2024 09:07 PM", "meta_title": "[Solved] Information taken from Nanotec Security I | SolutionInn", "meta_description": "Answer of - Information taken from Nanotec Security Inc's January 31, 2023, balance sheet follows: Common shares, 480,000 shares a | SolutionInn", "meta_keywords": "information,nanotec,security,inc,s,january,31,2023,balance,sheet,common,shares", "question_title_h1": " Information taken from Nanotec Security Inc's January 31, 2023, balance sheet follows: Common shares, 480,000 shares authorized, 40,000 shares issued and outstanding Retained earnings", "question_title": " Information taken from Nanotec Security Inc's January 31, 2023, balance sheet", "question_title_for_js_snippet": "Information taken from Nanotec Security Inc's January 31, 2023, balance sheet follows Common shares, 480,000 shares authorized, 40,000 shares issued and outstanding Retained earnings $380,000 81,850 On February 1, 2023, the company repurchased and retired 900 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 $7 00 per share b $9 50 per share c $12 00 per share View transaction list Journal entry worksheet A B C Record the retirement of shares for $7 00 per share Journal entry worksheet A B C Record the retirement of shares for $7 00 per share Note Enter debits before credits Date Feb 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal", "question_description": "\"image\"image", "transcribed_text": "Information taken from Nanotec Security Inc's January 31, 2023, balance sheet follows: Common shares, 480,000 shares authorized, 40,000 shares issued and outstanding Retained earnings $380,000 81,850 On February 1, 2023, the company repurchased and retired 900 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. $7.00 per share b. $9.50 per share c. $12.00 per share View transaction list Journal entry worksheet A B C Record the retirement of shares for $7.00 per share. Journal entry worksheet < A B C Record the retirement of shares for $7.00 per share. Note: Enter debits before credits. Date Feb. 01, 2023 General Journal Debit Credit Record entry Clear entry View general journal", "related_book": { "title": "Fundamental Accounting Principles", "isbn": "9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275", "edition": "22nd edition", "authors": "John Wild, Ken Shaw, Barbara Chiappetta", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/441.jpg", "uri": "\/textbooks\/fundamental-accounting-principles-22nd-edition-441", "see_more_uri": "" }, "free_related_book": { "isbn": "9402400915", "uri": "\/textbooks\/urbanization-biodiversity-and-ecosystem-services-challenges-and-opportunities-a-global-assessment-1st-edition-978-9402400915-237949", "name": "Urbanization Biodiversity And Ecosystem Services Challenges And Opportunities A Global Assessment", "edition": "1st Edition" }, "question_posted": "2024-05-21 21:07:09", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/public-class-class-extends-classa-public-classb-time-654349", "description": "public class Class extends ClassA public classB ( ( Time left 0 0 : 1 2 : 0 3 int init = 1 0 ; super ( 4 0 ) ; O a . . 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