Given the following stockholders? equity: Common Stock, $3 par value, authorized 99,000 shares, 81,000 shares issued and
Question:
Given the following stockholders? equity:
Common Stock, $3 par value, authorized 99,000 shares, 81,000 shares issued and outstanding |
$243,000 |
Retained Earnings |
460,000 |
Total Stockholders? Equity |
$703,000 |
Journalize the following entries:
Transcribed Image Text:
201X Apr. 3 Issued 5,200 shares at $11 per share. 9 Reacquired 196 shares at $5 per share. 15 Reissued 102 shares of treasury stock at $9 per share. 17 Reissued 54 shares of treasury stock at $3 per share.
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April 3 Cash 57200 Common Stock 15600 Paidin Capital in ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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