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Question 7 On April 7, 2021, Mo's Motor Corp. had a balance of $341,000 in its Common Shares account and the total number of shares
Question 7 On April 7, 2021, Mo's Motor Corp. had a balance of $341,000 in its Common Shares account and the total number of shares issued was 31,000. On April 8, 2021, Mo's paid $17,100 to reacquire 1,800 shares. On November 22, 2021, the company paid $42,900 to reacquire 3,300 shares. On December 30, the company issued 6,000 shares for $15.50 per share. (a) Your answer is correct. Determine the average per share amount on April 7 and November 22, 2021. (Round answer to 2 decimal places, c.g. 15.25.) Average per share amount 11 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Study By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your Instructor Attempts: 1 of 15 used (b) Your answer is partially correct. Try again. our answer is partially Try again. Record the transactions for the reacquisitions of shares and issue of shares. (Credit account titles are aut when the amount is enterad. Do not indent manually. If no entry is required, select "No Entry" for and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 8 TCommon Shares 36,300 Contributed Surplus - R 19,200 Cash 17,100 Nov. 221 Common Shares Contributed Surplus - Rear S Retained Earnings Cash Dec. 30 cash Common Shares
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