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3 B 9 D 1 2 3 4 5 5 7 8 9 O 1 2 3 # 5 5 7 B 9 D 1 2 3 # 5 5 3 B 9 D 1 B The following treasury stock transactions were made by Sikle in 2021 Prepare the necessary journal entries to record the transactions in the financial records of the company. (25 POINTS) 9 1-Aug Purchased 5,000 shares of its own $2 par value common stock at $20 per share 10 1-Sep Sold 1,500 shares of treasury stock purchased on August 1 for $30 per share 11 21-Oct Sold 700 shares of treasury stock purchased on August 1 for $27 per share 12 1-Nov Sold 900 shares of treasury stock purchased on August 1 for $13,500 13 18-Nov Sold 600 shares of treasury stock purchased on August 1 for $9,600 Prepare the stockholders' equity section of Sikle Shoe Manufacturing Co as of December 31, 2021 including disclosure of all relevant information. (Hint: Refer to Learning Objective 3 Illustration 13.11 page 13-18 of your text book). (35 points) с 3 B 9 D 1 2 3 4 5 5 7 8 9 O 1 2 3 # 5 5 7 B 9 D 1 2 3 # 5 5 3 B 9 D 1 B The following treasury stock transactions were made by Sikle in 2021 Prepare the necessary journal entries to record the transactions in the financial records of the company. (25 POINTS) 9 1-Aug Purchased 5,000 shares of its own $2 par value common stock at $20 per share 10 1-Sep Sold 1,500 shares of treasury stock purchased on August 1 for $30 per share 11 21-Oct Sold 700 shares of treasury stock purchased on August 1 for $27 per share 12 1-Nov Sold 900 shares of treasury stock purchased on August 1 for $13,500 13 18-Nov Sold 600 shares of treasury stock purchased on August 1 for $9,600 Prepare the stockholders' equity section of Sikle Shoe Manufacturing Co as of December 31, 2021 including disclosure of all relevant information. (Hint: Refer to Learning Objective 3 Illustration 13.11 page 13-18 of your text book). (35 points) с

Answer rating: 100% (QA)

Sikle SE section PIC from share repurchase 15000 4900 4500 2400 ... View the full answer