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On June 8. Canarie Ltd. was incorporated and issued 30,600 common shares for $306.000. On August 19, an additional 7,650 shares were issued for $91.800.
On June 8. Canarie Ltd. was incorporated and issued 30,600 common shares for $306.000. On August 19, an additional 7,650 shares were issued for $91.800. On November 2, the company paid $29,376 to repurchase 3,060 common shares and on December 7 it paid $53.040 to repurchase 4.080 common shares. 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 for the amounts. Round average cost to 2 decimal places, e.g. 15.25.) Date Account Titles and Explanation Debit Credit
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