3. VUR Industries Inc. originally issued its 6,050 common shares at $20 per share and...
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Accounting
3. VUR Industries Inc. originally issued its 6,050 common shares at $20 per share and all are outstanding as of May 1, 2024.
REQUIRED: Prepare general Journal entries for the following:
1) May 1, 2024 - Purchased and retired 925 common shares at $15/share. (3 marks)
2) Jul 1, 2024 - Purchased and retired 76 common shares at $34/share. (4 marks)
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