Question

Refer to the information for Dao Company in SE8. On October 28, 2014, Dao retired the remaining 700 shares of treasury stock. The shares were originally issued at $5 per share. Prepare the necessary journal entry.
In SE8. Prepare the journal entries necessary to record Dao Company’s following stock transactions during 2014:
Oct. 1 Purchased 2,000 shares of its own $2 par value common stock for $20 per share, the current market price.
17 Sold 500 shares of treasury stock purchased on October 1 for $25 per share.
21 Sold 800 shares of treasury stock purchased on October 1 for $18 per share.



$1.99
Sales3
Views170
Comments0
  • CreatedMarch 26, 2014
  • Files Included
Post your question
5000