On January 1, 2020 XYZ Corporation had 100,000 ordinary shares issued and outstanding, the share have...
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On January 1, 2020 XYZ Corporation had 100,000 ordinary shares issued and outstanding, the share have par value $ 4 per share, during the year the following transactions occurred. : April 1 issued 25,000 additional ordinary shares for $17 per share May 1 purchased 10,000 treasury shares for cash at $15per share Aug 1 sold 1000 treasury shares for 15$ per share Sep 1 sold 2,000 treasury shares for $20 per share DEC 1 Sold 3000 treasury shares for $13 per share Prepare the journal entries for above transaction? On January 1, 2020 XYZ Corporation had 100,000 ordinary shares issued and outstanding, the share have par value $ 4 per share, during the year the following transactions occurred. : April 1 issued 25,000 additional ordinary shares for $17 per share May 1 purchased 10,000 treasury shares for cash at $15per share Aug 1 sold 1000 treasury shares for 15$ per share Sep 1 sold 2,000 treasury shares for $20 per share DEC 1 Sold 3000 treasury shares for $13 per share Prepare the journal entries for above transaction?
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Transaction 1 Issuing Additional Shares April 1 Debit Cash 25000 shares 17share 425000 Credit ... View the full answer
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