25. The following transactions occurred to Johnson Corporation. On March 1, purchased 1,000 shares of its...
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25. The following transactions occurred to Johnson Corporation. On March 1, purchased 1,000 shares of its own $5 par common stock. The market price was $25 a share. On May 1, the corporation sold 500 shares at $30 a share. On June 1, they sold 500 shares at $10 a share. Record the journal entries for a. March 1. b. May 1. .c. June 1." 25. The following transactions occurred to Johnson Corporation. On March 1, purchased 1,000 shares of its own $5 par common stock. The market price was $25 a share. On May 1, the corporation sold 500 shares at $30 a share. On June 1, they sold 500 shares at $10 a share. Record the journal entries for a. March 1. b. May 1. .c. June 1."
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Financial Theory and Corporate Policy
ISBN: 978-0321127211
4th edition
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
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