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 7 it paid $48.880 to repurchase 3.760 common shares. Your answer is pertially correct. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, es. 15.25.) - Your answer is partially correct. Prepare the journal entries to record the above transactions. (List all debit entries before credit entries. Credit occount titles are outomatically indented when the amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Round average cost to 2 decimal ploces, eg. 15.25.) Question 1 of 5 0.65/1 Contributed Surplus 1,128 ec. 7> CommonShares Contributed Surplus Retained Earnings Cash eTextbook and Media List of Accounts