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Compute the total amount in the Common Shares account

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Question - Mountain Dog Co. was "organized" on Jan 1, 2019, with 3,000,000 authorized no par value common shares. Throughout 2019, Mountain Dog Co. had the following share transactions: 1) Jan 16 Issued 1,200,000 shares at $10 per share 2) Mar 6 Issued 400,000 shares at $11 per share 3) May 20 Purchased 150,000 shares at $12 per share and cancelled them 4) Jul 2 Issued 300,000 shares at $13 per share 5) Aug 31 Issued 100,000 shares at $14 per share. Compute the total amount in the Common Shares account at December 31, 2019?

a. $19,900,000.00

b. $20,162,500.00

c. $21,700,000.00

d. $20,072,500.00

Reference no: EM132842450

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