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Question #2 (7 marks) Nector Enterprises Inc. originally issued its 8,700 common shares at $30 per share and all are outstandings as of February 1,

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Question #2 (7 marks) Nector Enterprises Inc. originally issued its 8,700 common shares at $30 per share and all are outstandings as of February 1, 2024. REQUIRED: Prepare general journal entries for the following: 1) Feb 1, 2024 - Purchased and retired 400 common shares at $16/share. (3 marks) 2) Mar 1, 2024 - Purchased and retired 500 common shares at $34 per share. (4 marks)

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