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Windsor Corporation had the following shareholders equity on December 3 1 , 2 0 2 2 : Common shares, 1 , 3 2 0 ,
Windsor Corporation had the following shareholders equity on December : Common shares, shares authorized, issued and outstanding $ Contributed surplus Common Shares Retained earnings Total shareholders' equity The following transactions occurred, in the order given, during : a subscriptions were sold for common shares. Each subscription entitled the purchaser to purchase shares in the company at a price of $ per share. According to the subscription contracts, a payment of $ per subscription was required at the time the subscriptions were sold. b As per the subscription contracts, the second payment was for the balance of the subscription price. Of the subscribers, defaulted and did not make this second payment. c The subscription contracts specify that, in the event of default, the first payment will not be refunded to defaulting subscribers. Also, at this time, common shares are issued to subscribers that have fully paid on the contract. d Windsor repurchased and cancelled common shares at a cost of $ per share.
Windsor Corporation had the following shareholders equity on December :
Common shares, shares authorized, issued and outstanding
$
Contributed surplus Common Shares
Retained earnings
Total shareholders' equity
The following transactions occurred, in the order given, during :
a subscriptions were sold for common shares. Each subscription entitled the purchaser to purchase shares in the company at a price of $ per share. According to the subscription contracts, a payment of $ per subscription was required at the time the subscriptions were sold.
b As per the subscription contracts, the second payment was for the balance of the subscription price. Of the subscribers, defaulted and did not make this second payment.
c The subscription contracts specify that, in the event of default, the first payment will not be refunded to defaulting subscribers. Also, at this time, common shares are issued to subscribers that have fully paid on the contract.
d Windsor repurchased and cancelled common shares at a cost of $ per share.
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