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On dune. 8, Foress Ltd. was incorporated and issued 34,200 common shares for $342,000. On August 19, an additional 8,550 shares were issued for $102,600.

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On dune. 8, Foress Ltd. was incorporated and issued 34,200 common shares for $342,000. On August 19, an additional 8,550 shares were issued for $102,600. On November 2, the company paid $32,832 to repurchase 3,420 common shares and on December 7 it paid $59,280 to repurchase 4,560 common shares. Calculate the average cost of the common shares on June 8, August 19. November 2, and December 7. (Rouind aniwers to 2 deaimal ploces, eg. 15:25) Prepare the joumal entries to record the abowe travsactions: (tid all debit entriei before credit entries. Credit occount tliles ore automatically indented when the amount is entered. Do not indent morkidly, If no endry di hesurnd, select "No Entry" for the occount fitles and enter 0 for the amounts Round everage cost to 2 decimal ploces es, 15.25j

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