Question 1

Carla Vista Ltd. had the following share transactions during its first year of operations:

Jan.6Issued 228,000 common shares for $1.40 per share.

Jan.12Issued 57,000 common shares for $1.80 per share.

Mar.17Issued 1,100 preferred shares for $105 per share.

July18Issued 1,140,000 common shares for $2 per share.

Nov.17Reacquired 228,000 common shares for $1.95 per share.

Dec.30Reacquired 171,000 common shares for $1.80 per share.

Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round average per share to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit v v Nov. 17| || || | | || || | W | || || | egg Haw mamar common shares remain at the end of the year and what is their average per share? (Round average per share it) 2 decimal places, 9.9. 52.75.) Remaining common share; I: Average per share A