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Question - Crane Ltd. had the following share transactions during its first year of operations:
Jan. 6 Issued 152,000 common shares for $1.50 per share.
Jan. 12 Issued 38,000 common shares for $1.75 per share.
Mar. 17 Issued 800 preferred shares for $105 per share.
July 18 Issued 760,000 common shares for $2 per share.
Nov. 17 Reacquired 152,000 common shares for $1.95 per share.
Dec. 30 Reacquired 114,000 common shares for $1.80 per share.
Required -
A. Journalize the transactions
B. How many common shares remain at the end of the year and what is their average per share?
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