Question: Given the following stockholders equity: Common Stock, $8 par value, authorized 105,000 shares, 79,000 shares issued and outstanding ................. $ 553,000 Retained Earnings .................. 490,000

Given the following stockholders’ equity:
Common Stock, $8 par value, authorized 105,000 shares, 79,000 shares
issued and outstanding ................. $ 553,000
Retained Earnings .................. 490,000
Total Stockholders’ Equity ................ $1,043,000
Journalize the following entries:
201X
Apr. 3 Issued 5,500 shares at $12 per share.
9 Reacquired 205 shares at $10 per share.
15 Reissued 110 shares of treasury stock at $11 per share.
17 Reissued 46 shares of treasury stock at $5 per share.

Step by Step Solution

3.46 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

April 3 Cash 66000 Common Stock 44000 Paidin Capital in Excess o... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

294-B-A-C (425).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!