On June 8, Penny Worth Ltd. was incorporated and issued 28,200 common shares for $282,000, On August 19, an additional 7,050 shares were issued for $84,600. On November 2, the company paid $27,072 to repurchase 2.820 common shares and on December it paid $48,880 to repurchase 3,760 common shares. Your answer is partially correct. Calculate the average cost of the common shares on June 8, August 19. November 2, and December 7. (Round answers to 2 decimal ploces, e.8. 15.25.) * Your answeris partially correct. Prepare the journal entries to record the above transactions. (List all debit entries before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Round averoge cost to 2 decimal places, e. .. 15.25.) Question 1 of 5 0.65/1: Common Shares Common Shares Cash Contributed Surplus ec. 7 Common Shares 37,600 Contributed Surplus 1,128 Retalned Earnings 10,152 Cash eTextbook and Media