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just need the journal entries i have done the average cost ESLIUM 21 OT 40 ... / 16 E On June 8, Ridgewood Ltd. was
just need the journal entries i have done the average cost
ESLIUM 21 OT 40 ... / 16 E On June 8, Ridgewood Ltd. was incorporated and issued 24,000 common shares for $240,000. On August 19, an additional 6,300 shares were issued for $75,600. On November 2, the company paid $23,040 to repurchase 2,400 common shares and on December 7 it paid $41,600 to repurchase 3,200 common shares. (a) Your answer has been saved. See score details after the due date. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, eg. 15.25.) Average Cost June 8 $ 10 O Room 13 OZAN 10.42 $ Aug. 19 Call is in progress. Click he Nov. 2 $ 10.49 Speaker (Realtek(R) Audio): 15% 10.16 $ Dec. 7 ENG US Prepare the journal entries to record the above transactions. (List all debit entries before credit entries. 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 O for the amounts. Round average cost to 2 decimal places, eg. 15.25.) Date Account Titles and Explanation Debit Credit June 8 Cash 240000 Common Shares 2406 Aug. 19Step by Step Solution
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