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Record each of the transactions

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Question - Record each of the transactions. Keep a running balance of the average per share amount of the common shares.

On January 1, 2017, Hum Enterprises Inc. had 64,000 common shares, recorded at $512,000. The company follows IFRS. During the year, the following transactions occurred:

Apr. 1 Issued 5,000 common shares at $10 per share.

June 15 Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $12 a share at this time.

Sep. 21 Announced a 1-for-2 reverse stock split. Shares were trading at $10 per share at the time.

Nov. 1 Issued 3,000 common shares at $22 per share.

Dec. 20 Repurchased 10,000 common shares for $20 per share. This was the first time Hum had repurchased its own shares.

Reference no: EM132870581

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