Question 7 On April 7, 2021, Mo's Motor Corp. had a balance of $384,000 in its Common Shares account and the total number of shares issued was 32,000. On April 8, 2021, Mo's paid $11,000 to reacquire 1,000 shares. On November 22, 2021, the company paid $37,500 to reacquire 2,500 shares. On December 30, the company issued 5,000 shares for $17.50 per share. Record the transactions for the reacquisitions of shares and issue of shares. (Credit account titles are automatically indented when the amount is ente not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 8 Common Shares 12,000 Cash 11,000 Contributed Surplus - R 1,000 Nov. 22 Common Shares 30,000 Contributed Surplus - Read 3,500 Retained Earnings 26,600 Cash 37,500 Dec. 30 Cash 87,500 Common Shares 87,500