Sprinkle SE has outstanding 10,000 shares of 10 par value ordinary shares. On July 1, 2019, Sprinkle

Question:

Sprinkle SE has outstanding 10,000 shares of €10 ordinary shares. On July 1, 2019, Sprinkle reacquired 100 shares at €87 per share. On September 1, Sprinkle reissued 60 shares at €90 per share. On November 1, Sprinkle reissued 40 shares at €83 per share. Prepare Sprinkle's journal entries to record these transactions using the cost method.
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...