Fritz Inc. had no treasury stock at the beginning of the year. During February, Fritz purchased...
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Fritz Inc. had no treasury stock at the beginning of the year. During February, Fritz purchased 14,900 shares of treasury stock at $20 per share. In May, Fritz sold 4,500 of the treasury shares for $23 per share. In November, Fritz sold the remaining treasury shares for $16 per share. Required: Prepare journal entries for the February, May, and November treasury stock transactions. If an amount box does not require an entry, leave it blank. Feb. Treasury Stock Cash May Cash Treasury Stock Additional Paid-In Capital-Treasury Stock Nov. Cash 0000 Fritz Inc. had no treasury stock at the beginning of the year. During February, Fritz purchased 14,900 shares of treasury stock at $20 per share. In May, Fritz sold 4,500 of the treasury shares for $23 per share. In November, Fritz sold the remaining treasury shares for $16 per share. Required: Prepare journal entries for the February, May, and November treasury stock transactions. If an amount box does not require an entry, leave it blank. Feb. Treasury Stock Cash May Cash Treasury Stock Additional Paid-In Capital-Treasury Stock Nov. Cash 0000
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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