Question 1 On January 1, 2017, Hum Enterprises Inc had 64,000 common shares, recorded at $448,000 The company follows IFRS During the year, the following transactions occurred Apr 1 June 15 Sep 21 Nov 1 Dec 20 Issued 4,000 common shares at $9 per share Declared a 5 stock dividend to shareholders of record on September 5, distributable on September 20 The shares were trading for $11 a share at this time Announced a 1 for 2 reverse stock split Shares were trading at $9 per share at the time Issued 3,000 common shares at $20 per share Repurchased 10,000 common shares for $18 per share This was the first time Hum had repurchased its own shares Record each of the transactions Keep a running balance of the average per share amount of the common shares (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 o for the amounts Round the average per share to three decimal places, e g 5 271 and final answers to 0 decimal places, e g 5,271 ) Debit Credit Date Account Titles and Explanation Apr 1 Cash 40000 Common Shares 40000 June 15 Stock Dividends 34000 Stock Dividends Distributable 34000 Sept 20 Stock Dividends Distributable 34000 Common Shares 34000 Sept 21 No Entry No Entry Nov 1 Cash 60000 Corition Shares 60000 Dec 20 Common Shares 50000 Retained Earnings 130000 Cash 180000 Record the last transaction (Dec 20) assuming the price to reacquire the shares was $13 per share This is the first time Hum had repurchased its own shares (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 o for the amounts Round the average per share to three decimal places, e g 5 271 and final answers to 0 decimal places, e g 5,271 ) Date Account Titles and Explanation Debit Credit Dec 20 Record the last transaction (Dec 20) assuming the price to reacquire the shares was $16 per share Also assume that Hum has a credit balance of $3,300 In its Contributed Surplus Reacquisition of Common Shares account (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 o for the amounts Round the average per share to three decimal places, e y 5 271 and final answers to 0 decimal places, e g 5,271 ) Debit Credit Date Account Titles and Explanation Dec 20

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Question 1 On January 1, 2017, Hum Enterprises Inc  had 64,000 common shares, recorded at $448,000  The company follows IFRS  During the year, the following transactions occurred  Apr  1 June 15 Sep  21 Nov  1 Dec  20 Issued 4,000 common shares at $9 per share  Declared a 5  stock dividend to shareholders of record on September 5, distributable on September 20  The shares were trading for $11 a share at this time  Announced a 1 for 2 reverse stock split  Shares were trading at $9 per share at the time  Issued 3,000 common shares at $20 per share  Repurchased 10,000 common shares for $18 per share  This was the first time Hum had repurchased its own shares  Record each of the transactions  Keep a running balance of the average per share amount of the common shares  (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 o for the amounts  Round the average per share to three decimal places, e g  5 271 and final answers to 0 decimal places, e g  5,271 ) Debit Credit Date Account Titles and Explanation Apr  1 Cash 40000 Common Shares 40000 June 15 Stock Dividends 34000 Stock Dividends Distributable 34000 Sept  20 Stock Dividends Distributable 34000 Common Shares 34000 Sept  21 No Entry No Entry Nov  1 Cash 60000 Corition Shares 60000 Dec  20 Common Shares 50000 Retained Earnings 130000 Cash 180000 Record the last transaction (Dec  20) assuming the price to reacquire the shares was $13 per share  This is the first time Hum had repurchased its own shares  (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 o for the amounts  Round the average per share to three decimal places, e g  5 271 and final answers to 0 decimal places, e g  5,271 ) Date Account Titles and Explanation Debit Credit Dec  20 Record the last transaction (Dec  20) assuming the price to reacquire the shares was $16 per share  Also assume that Hum has a credit balance of $3,300 In its Contributed Surplus Reacquisition of Common Shares account  (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 o for the amounts  Round the average per share to three decimal places, e y  5 271 and final answers to 0 decimal places, e g  5,271 ) Debit Credit Date Account Titles and Explanation Dec  20

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Question 1 On January 1, 2017, Hum Enterprises Inc. had 64,000 common shares, recorded at $448,000. The company follows IFRS. During the year, the following

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