Question: 1. Why do corporations purchase and issue treasury stock? 2. What is the journal entry for recording the purchase of treasury stock? 3.How would you

1. Why do corporations purchase and issue treasury stock?

2. What is the journal entry for recording the purchase of treasury stock?

3.How would you record the reissuance of treasury stock if the proceeds obtained are: at cost of the treasury stock? Less than the cost of the treasury stock? More than the cost of the treasury stock?

4.What is the main difference between notes payable and bonds payable?

5. What is the main difference between a bond and a share of stock?

6. What does it mean to issue bonds at: Par? At a Discount? At a Premium?

7. What is the difference between the contract (coupon) rate and the market rate for bonds?

8. What is the journal entry for recording the issue of a discount bond? What is the entry for recording interest and amortization?

9. What is the journal entry for recording the issue of a premium bond? What is the entry for recording interest and amortization?

10. What is the journal entry for recording the bond maturity?

Two-three sentences for each one COMPETE ALL QUESTIONS OR DO NOT ANSWER, PLEASE, AND THANK YOU!!!

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