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On December 31, 2023, Wildhorse Treats Limited reported 47,000 common shares issued and a balance in the Common Shares account of $295,160. On April 5,
On December 31, 2023, Wildhorse Treats Limited reported 47,000 common shares issued and a balance in the Common Shares account of $295,160. On April 5, 2024, it reacquired 9,500 of these shares. This is the first time Wildhorse Treats has reacquired any of its shares. (a) Record the reacquisition of the shares assuming the company paid $53,000 to reacquire the shares. (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 0 for the amounts. List all debit entries before credit entries. Round average per share amount to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,125.) Date Account Titles and Explanation April 5 eTextbook and Media Save for Later Using multiple attempts will impact your score. 50% score reduction after attempt 5 Question Part Score Debit Question Part Score Credit Attempts: unlimited Submit Answer --14 (b) The parts of this question must be completed in order. This part will be available when you complete the part above. --17
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