On January 1, 2021, Hum Enterprises Inc. had 77,000 common shares, recorded at $462,000. The company follows IFRS. During the year, the following transactions occurred:

Apr. 1		Issued 5,000 common shares at $8 per share.
June 15		Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $10 a share at this time.
Sep. 21		Announced a 1-for-2 reverse stock split. Shares were trading at $8 per share at the time.
Nov. 1		Issued 3,000 common shares at $18 per share.
Dec. 20		Repurchased 10,000 common shares for $16 per share. This was the first time Hum had repurchased its own shares.

f Ch 14 Homework Question 1 of 3 > -/3 Current Attempt in Progress On January 1, 2021, Hum Enterprises Inc. had 77,000 common shares, recorded at $462,000. The company follows IFRS. During the year, the following transactions occurred: Issued 5,000 common shares at $8 per share. Declared a 5% stock dividend to shareholders of record on September 5. distributable on September 20. The shares were trading for $10 a share at this time. Apr. 1 June 15 Sep. 21 Nov. 1 Dec 20 Announced a 1-for-2 reverse stock split. Shares were trading at $8 per share at the time. Issued 3,000 common shares at $18 per share. Repurchased 10,000 common shares for $16 per share. This was the first time Hum had repurchased its own shares. Record each of the transactions. Keep a running balance of the average per share amount of the common 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 O for the amounts. Round the average per share to three decimal places, e.g. 5.271 and final answers to O decimal places, e.g. 5,271.) Date Account Titles and Explanation Debit Credit Apr. 1 Cash 40.000 Common Shares 40,000 June 15 Retained Earnings 41.000 Stock Dividends Distributable 41,000 Sept. 20 No Entry 0 No Entry 0 Sept. 21 Common Shares Common Shares Nov. 1 Cash 54,000 Common Shares 54,000 Dec. 20 Common Shares Retained Earnings Cash 160,000 f Ch 14 Homework Question 1 of 3 -/3 Sales Stock Dividends Stock Dividends Distributable Record the last transaction (Dec. 20) assuming the price to reacquire the shares was $11 per share. This is the first time Hum had repurchased its own 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 O for the amounts. Round the average per share to three decimal places, e.g. 5.271 and final answers to decimal places, e.g. 5,271.) Date Account Titles and Explanation Debit Credit Dec. 20 Cash 110.000 List of Accounts Assistance Used Record the last transaction (Dec. 20) assuming the price to reacquire the shares was $14 per share. Also assume that Hum has a credit balance of $2,600 in its Contributed Surplus-Reacquisition of Common Shares account. (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 for the amounts. Round the average per share to three decimal places, e.g. 5.271 and final answers to decimal places, e.g. 5,271.) Account Titles and Explanation Debit Credit Date Dec. 20 Cash 140,000 List of Accounts