On January $1,2024,$ Martinez Enterprises Inc, had $61,000$ common shares, recorded at $$366,000.$ The company follows IFR$5.$ During

the year, the following transactions occurred:

Apr. $1$ Issued $4,000$ common shares at $$8$ per share.

June Declared a $5\%$ stock dividend to shareholders of record on September $5,$ distributable on September $20.$ The shares were

$15$ trading for $$10$ a share on June $15.$

Sept.

$21$

Nov. $1$ Issued $3,000$ common shares at $$20$ per share.

Dec. Repurchased $10,000$ common shares for $$18$ per share. This was the first time Martinez had repurchased its own

$20$

Announced a $1-$for$-2$ reverse stock split. Shares were trading at $$8$ per share at the time.

shares.

Record each of the transactions. Keep a running balance of the average per share amount of the common shares. $($Credit account

t'tes are achonatically 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. Record journal entries in the order presented in the problem Round the average per share to

three decinal places, e$.$g$.5\mathrm{.}271$ and final answers to $0$ decinal places, e$.$g$.5,271.$ List all debit entries before credit entries.$)$

Date

Account Titles

Debit

Credit

$2024$