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Please provide the answer in detail! Kanish Corporation's general ledger includes the following account balances: Contributed Surplus $9,000 Common Shares $260,000 Retained Eamings $83,000 The

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Kanish Corporation's general ledger includes the following account balances: Contributed Surplus $9,000 Common Shares $260,000 Retained Eamings $83,000 The Contributed Surplus account arose from net excess of proceeds over cost on a previous cancellation of common shares. The average cost of the common shares bought and cancelled in the first two transactions is $20 per share. Assuming that the above balances existed before any of the transactions that follow, record the journal entries for each transaction (a) Bought and cancelled 470 shares at $37 per share. (b) Bought and cancelled 210 shares at $46 per share. (c) Sold 3,100 shares at $42 per share. (d) Sold 1,900 shares at $45 per share. (e) Bought and cancelled 1,200 shares at $49 per share

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