McNichols Corv. reports the following transactions relating to its stock accounts in the current vear. Jan. 15
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McNichols Corv. reports the following transactions relating to its stock accounts in the current vear.
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Jan. 15 Jan. 20 Issued 40,000 shares of $5 par value common stock at $17 cash per share. Issued 9,000 shares of $50 par value, 8% preferred stock at $78 cash per share. Purchased 5,000 shares of its own common stock at $20 cash per share. Sold 3,000 shares of its treasury stock at $28 cash per share. Mar. 31 June 25 July 15 Sold the remaining 2,000 shares of treasury stock at $19 cash per share. Use the financial statement effects template to indicate the effects from each of these transactions.
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Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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