Reference no: EM133117708
Question -Windsor Company had the following Shareholders Equity accounts as of May 1, 2020:
Share capital:
Preferred shares, 140,000 issued and outstanding $1,687,000
Class A common shares, 200,000 issued and outstanding 1,120,000
Class B common shares, 250,000 issued and outstanding 1,512,500
Retained earnings 3,260,000
Total shareholders' equity $7,579,500
On June 10, Windsor reacquired and cancelled 2,100 Class A common shares at a cost of $4.50 per share. On August 26, 2020, Windsor issued 4,200 Class A common shares for $9.10 each. On September 30, the company reacquired and cancelled another 2,100 Class A common shares at $9.10 per share.
Required - Prepare the journal entries required to record these transactions. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)