Recording Common Stock Direct Retirement M4 Inc. issued 150,000 shares of s0.01 par value common stock for $15 per Share on January 1, 21120, the day of its initial stock affering Required a Record creries for the following subsequent transactions assuming that the company's policy is to directly retire any reacquired shares. 1. On March 30, 2020, M4 increacquires and retires 2.000 shares of common stock at $ 350 per share. Note: List multiple dealt when applicable in alphabetical order and list multiple credits (when applicable in alphabetkal order Note: the journal entry includes an extra line that is not required, Salert "NA' as the account rame and leave the Dr, and cr answers blank them in the very last rav at the oumal entry Account Name March 20.20 2. On August 20.2020, M4 Inc. reccuuites and relires 3,000 shares of woon suck at $17.25 per store. Note: List multiple dealt when applicable in alphabetical order and list multiple credit:quon applicable nahahatical order Note: if the journal entry includes an extra line that is not required, select "NIA' as the account rome and leave the Dr. and cr.answers blank cojin the very last roavat the oumal entry Arrunt Name Date Aug 20 2020 3. On December 1, 2020 M Inc. issues 15.000 shares of common stock at $17.00 per share Note: List multiple deaits when applicable) in alphabetical order and list multiple credits when applicablen anhanctical order. Date Account Name Dr. Cr b. Determine the number of shares issued and the number of shares outstanding on the following dates after transactions have been recorded) Issuet Outstandin Shares Shares 1. Math 30.2020 2 M. 20.2020 3 December 1.200 Recording Common Stock Direct Retirement M4 Inc. issued 150,000 shares of s0.01 par value common stock for $15 per Share on January 1, 21120, the day of its initial stock affering Required a Record creries for the following subsequent transactions assuming that the company's policy is to directly retire any reacquired shares. 1. On March 30, 2020, M4 increacquires and retires 2.000 shares of common stock at $ 350 per share. Note: List multiple dealt when applicable in alphabetical order and list multiple credits (when applicable in alphabetkal order Note: the journal entry includes an extra line that is not required, Salert "NA' as the account rame and leave the Dr, and cr answers blank them in the very last rav at the oumal entry Account Name March 20.20 2. On August 20.2020, M4 Inc. reccuuites and relires 3,000 shares of woon suck at $17.25 per store. Note: List multiple dealt when applicable in alphabetical order and list multiple credit:quon applicable nahahatical order Note: if the journal entry includes an extra line that is not required, select "NIA' as the account rome and leave the Dr. and cr.answers blank cojin the very last roavat the oumal entry Arrunt Name Date Aug 20 2020 3. On December 1, 2020 M Inc. issues 15.000 shares of common stock at $17.00 per share Note: List multiple deaits when applicable) in alphabetical order and list multiple credits when applicablen anhanctical order. Date Account Name Dr. Cr b. Determine the number of shares issued and the number of shares outstanding on the following dates after transactions have been recorded) Issuet Outstandin Shares Shares 1. Math 30.2020 2 M. 20.2020 3 December 1.200
