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What is the total amount in the common shares account at dec

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Icon Corp. was organized on January 1, 2020, with 300,000 no par value common shares authorized. During 2020 the corporation had the following share transactions:

  1. January 4 issued 120,000 shares at $10 per share
  2. March 8 issued 40,000 shares at $11
  3. May 7 Purchased 15,000 shares at $12 and cancelled them
  4. July 6 issued 30,000 at $13
  5. August 27 Issued 10,000 shares at $14

Problem 1: What is the total amount in the common shares account at December 31, 2020

Reference no: EM132841399

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