Reference no: EM133131558
Question - On January 1, 2021, Laramie Corporation had 82,000 common shares, recorded at $589,000, and retained earnings of $1,064,000. During the year, the following transactions occurred:
Apr. 2 Issued 5,400 common shares at $20 per share.
June 15 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10.
Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $22 a share on August 21, $24 on September 5, and $27 on September 20.
Nov. 1 Issued 2,900 common shares at $26 per share.
Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10.
Required -
Record the above transactions for 2021.
What is the number of common shares at the end of the year?
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