Your answer is partially correct.

How many common shares remain at the end of the year? $($Round average per share to $2$ decimal places, e$.$g$.2\mathrm{.}75.)$

Remaining common shares

Average per share

$

eTextbook and Media

List of AccountsWildhorse Ltd$.$ had the following share transactions during its first year of operations:

Jan. $6$ Issued $188,000$ common shares for $$1\mathrm{.}60$ per share.

Jan. $12$ Issued $47,000$ common shares for $$1\mathrm{.}85$ per share.

Mar. $17$ Issued $900$ preferred shares for $$105$ per share.

July $18$ Issued $940,000$ common shares for $$2$ per share.

Nov. $17$ Reacquired $188,000$ common shares for $$1\mathrm{.}95$ per share.

Dec. $30$ Reacquired $141,000$ common shares for $$1\mathrm{.}80$ per share.

$($a$)$

Your answer is correct.

Journalize the transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no

entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round average per share to $2$ decimal places, e$.$g$.$

$52\mathrm{.}75$ and final answers to $0$ decimal places, e$.$g$.5,275.$ Record journal entries in the order presented in the problem. List all debit entries

before credit entries.$)$

Date

an$.6$

Account Titles

Debit

Cash

$\begin{array}{cc}?& \text{C}\text{o}\text{m}\text{m}\text{o}\text{n}\text{S}\text{h}\text{a}\text{r}\text{e}\text{s}\\ an.12& ?\end{array}$

an$.12$

$.17$

lec. $30$

Common Shares

Retained Earnings

Cash

Common Shares

Contributed Surplus $-$ Reacquisition of Common Shares

Credit