Reference no: EM132611307
Question - Berne Ltd. was organized on January 1, 2020, with 300,000 no par value common shares authorized. During 2020, the corporation had the following share transactions:
Jan 4 Issued 120,000 shares at $ 10 per share.
Mar 8 Issued 40,000 shares at $ 11 per share.
May 17 Purchased 15,000 shares at $ 12 per share and cancelled them.
Jul 6 Issued 30,000 shares at $ 13 per share.
Aug 27 Issued 10,000 shares at $ 14 per share.
Required - What is the total amount in the Common Shares account at December 31, 2020?