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What is total amount in Common Shares account at December

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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

What is the total amount in the Common Shares account at December 31, 2020?

A. $ 1,990,000.

B. $ 2,007,250.

C. $ 2,016,250.

D. $ 2,170,000.

Reference no: EM132611262

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