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Question 6 of 12 0.55/1 Your answer is partially correct. Oriole Company had the following Shareholders' Equity section as of February 1, 2021: $961,000 5,600,000

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Question 6 of 12 0.55/1 Your answer is partially correct. Oriole Company had the following Shareholders' Equity section as of February 1, 2021: $961,000 5,600,000 Share capital: Preferred shares, 31,000 issued and outstanding Class A common shares, 1,400,000 issued and outstanding Class B common shares. 40,000 issued and outstanding Retained earnings Total shareholders' equity 880,000 8,400,000 $15,841.000 On February 16, 2021. Oriole reacquired and cancelled 4,700 Class A common shares at a cost of $3.40 per share. On April 10, Oriole issued 8,200 Class A common shares for $5.80 each. On May 31, the company reacquired and cancelled another 3,100 Class A common shares at $5.00 per share. Prepare the journal entries required to record these transactions, (Round per share calculations to 2 decimal places, eg. 12.25 and final answers to decimal places, eg. 5,725. 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 for the amounts.) If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 16 Common Shares 18800 Retained Earnings 15980 Cash 2820 Apr. 10 Cash 47560 Common Shares 47560 May 31 Common Shares 4010 Retained Earnings 11490 Cash 15500

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