Journalize the following transactions of Olympian Sports, Inc., a chain of sports stores: Mar 4 Issued 25,000
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Journalize the following transactions of Olympian Sports, Inc., a chain of sports stores:
Mar 4 Issued 25,000 shares of no-par common stock at $9 per share.
May 22 Purchased 1,300 shares of treasury stock at $8 per share.
Sep 22 Sold 800 shares of treasury stock at $15 per share.
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Journal DATE ACCOUNTS POST REF Dr Cr Mar 4 Cash 25000 shares x9 225000 Co...View the full answer
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