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Please help me journalize these transactions, and answer the question in the screenshot, thank you so much! please provide detailed explanation' Journalizing transactions (AOFL) Attached
Please help me journalize these transactions, and answer the question in the screenshot, thank you so much!
Journalizing transactions (AOFL) Attached Files: Blanks for preferred shares.xlsx (9.526 KB) Bets Buy Inc. has the following share transactions during its first year of operations: Jan 6 Issued 200,000 common shares for $1.50 per share. Jan 12 issued 50,000 common shares $1.75 per share Mar 17 Issued 1,000 preferred shares for $105 per share July 18 Issued 1 million common shares for $2 per share Nov 17 Reacquired 200,000 common shares for $1.95 per share Dec 30 Reacquired 150,000 common shares for 1.80 per share INSTRUCTIONS: a) Journalize the transactions b) Ho many common shares remain at the end of teh year and what is their average cost please provide detailed explanation'
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