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Oriole Ltd. had the following share transactions during its first year of operations Jan. Jan. Mar. July Nov. 6 Issued 164,000 common shares for $1.55 per share. Issued 41,000 common shares for $1.80 per share. Issued 800 preferred shares for $105 per share. Issued 820,000 common shares for $2 per share. Reacquired 164,000 common shares for $1.95 per share. Reacquired 123,000 common shares for $1.80 per share. 12 17 18 17 Dec. 30

Oriole Ltd. had the following share transactions during its first year of operations Jan. Jan. Mar. July Nov. 6 Issued 164,000 common shares for $1.55 per share. Issued 41,000 common shares for $1.80 per share. Issued 800 preferred shares for $105 per share. Issued 820,000 common shares for $2 per share. Reacquired 164,000 common shares for $1.95 per share. Reacquired 123,000 common shares for $1.80 per share. 12 17 18 17 Dec. 30

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Date Jan. 6 Jan 12 V Mar 17 July 18 Nov 17 v Dec. 30 v Account Titles Cash Common Shares Cash Common Shares Cash Preferred Shares Cash Common Shares Common Shares Retained Eamings Cash Common Shares Contributed Surplus-Reacquisition of Common Shares Cash Debit 254200 73800 84000 164000000 Credit 254200 319800 221400 73800 84000 1640000
Transcribed Image Text:Date Jan. 6 Jan 12 V Mar 17 July 18 Nov 17 v Dec. 30 v Account Titles Cash Common Shares Cash Common Shares Cash Preferred Shares Cash Common Shares Common Shares Retained Eamings Cash Common Shares Contributed Surplus-Reacquisition of Common Shares Cash Debit 254200 73800 84000 164000000 Credit 254200 319800 221400 73800 84000 1640000
Oriole Ltd. had the following share transactions during its first year of operations: Jan, Jan. Mar. Nov. 12 July 18 Dec. 17 17 30 Issued 164,000 common shares for $1.55 per share. Issued 41,000 common shares for $1.80 per share. Issued 800 preferred shares for $105 per share. Issued 820,000 common shares for $2 per share. Reacquired 164,000 common shares for $1.95 per share. Reacquired 123,000 common shares for $1.80 per share.
Transcribed Image Text:Oriole Ltd. had the following share transactions during its first year of operations: Jan, Jan. Mar. Nov. 12 July 18 Dec. 17 17 30 Issued 164,000 common shares for $1.55 per share. Issued 41,000 common shares for $1.80 per share. Issued 800 preferred shares for $105 per share. Issued 820,000 common shares for $2 per share. Reacquired 164,000 common shares for $1.95 per share. Reacquired 123,000 common shares for $1.80 per share.
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