Question: a Can you please answer this question very quickly. i don't have much time. thank you 1. Microsoft Corporation purchased from its stockholders 10,000 shares

a

a Can you please answer this question very quickly. i don't have

Can you please answer this question very quickly. i don't have much time. thank you

1. Microsoft Corporation purchased from its stockholders 10,000 shares of its own previously issued stock for $300,000. It later resold 2,000 shares for $40 per share, then 3,000 more shares for $45 per share, then 2,000 shares for $25, then 1,000 shares for $10 and finally 2,000 shares for $12 per share. Please prepare journal entries for the purchase of the treasury stock and the five sales of treasury stock

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!