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Question on June 8, Accutart Ltd was incorporated and issued 60,000 common shares for $300,000. On August 19, an additional 35,000 shares were issued for
Question on June 8, Accutart Ltd was incorporated and issued 60,000 common shares for $300,000. On August 19, an additional 35,000 shares were issued for $90,000. On November 2, the company paid $29,760 to reacquire 6,200 common shares and on December 7 it paid $52,000 to reacquire 8,000 common shares. Calculate the average cost of the common shares on June , August 19, November 2, and December 7. (Round answers to 2 decimal places, 0.9. 15.25.) Average Cost June 1 Aug. 19 $ Nov. 2 . Dec. LIIT OF ACCOUNTS LINK TO TEXT Prepare the ones to record the above transactions (Credit accounts are automatically inter when the amount is entered. Do not indent maman required, et "No Entry for the account thes and enter for the amounts) Date Account Tiles and nation Debit Credit Prepare the journal entries to record the above transactions (Credit account titles are automatically indented when the amount is entered. Do not indian manually. If no entry required, select "No Entry for the account titles and enter for the amounts) Date Account Tities and Explanation Debit Credit June Aug. 19 Nov 2 Dec
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