Open T accounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) June 1 Nov. 20 Preferred Shares 19,800 Mar. 1 36,480 Nov. 1 Common Shares Dec. 31 Bal. Jan. 10 May 1 July 24 Sept. 4 Dec. 31 Bal. 1,100,000 185,000 1,285,000 1,880,000 705,000 146,000 50,000 2.724.720

Open Taccounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) Lawn Corporation, a publicly traded company, was organized on Janvary 1, 2021. It is authorized to issue an unlimited number of $3 noncumbiative preferred shares and an unlimited number of common stures. The following share transactions were completed during the comparys first year of operations: Jan 10 issued 940,000 comngn shares for $2 per shure. Mar. 1 Issued 22000 preferred shares for $50 per share. Mar 1 iswued 235,000 common shures for $3 per share. June 1 Repurchased and retired 9,000 common shares at $2 per share. Determine the average cost of each repurchused shure to the rearest cent before recording this transaxtion July 24 Issued 33.600 common thares for $130,000 cavh and used equipment. The equipment would turve cost $300,000 if Remmers had purctused it new and a rectent apprabal deterained that the equipment had a tair yalue of $16,000. The common shares were tradins for $4 per thare on this date. Sept: i leved to.000 common vharen for $5 per share Nov 1 Isued 3.700 preferred shares for $50 pee vhare 20 Repurchased and retired 16,000 common shures at 54 per thare. Determme the aver age cost of cach cesurchased share to the rearest cent before recording thin transaction Open Taccounts and post to the shareholders' equity accounts. (Record entries in the order presented in the problem.) Lawn Corporation, a publicly traded company, was organized on Janvary 1, 2021. It is authorized to issue an unlimited number of $3 noncumbiative preferred shares and an unlimited number of common stures. The following share transactions were completed during the comparys first year of operations: Jan 10 issued 940,000 comngn shares for $2 per shure. Mar. 1 Issued 22000 preferred shares for $50 per share. Mar 1 iswued 235,000 common shures for $3 per share. June 1 Repurchased and retired 9,000 common shares at $2 per share. Determine the average cost of each repurchused shure to the rearest cent before recording this transaxtion July 24 Issued 33.600 common thares for $130,000 cavh and used equipment. The equipment would turve cost $300,000 if Remmers had purctused it new and a rectent apprabal deterained that the equipment had a tair yalue of $16,000. The common shares were tradins for $4 per thare on this date. Sept: i leved to.000 common vharen for $5 per share Nov 1 Isued 3.700 preferred shares for $50 pee vhare 20 Repurchased and retired 16,000 common shures at 54 per thare. Determme the aver age cost of cach cesurchased share to the rearest cent before recording thin transaction