A company has 10,000 shares of $10 par common stock outstanding. Journalize the following transactions: (If...

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A company has 10,000 shares of $10 par common stock outstanding. Journalize the following transactions: (If an amount box does not require an entry, leave it blank.) a. Purchased 1,500 shares of treasury stock at $16. The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares. b. Sold 1,000 shares of treasury stock at $19. E c. Purchased equipment for $80,000, paying $25,000 in cash and issuing 4,000 shares of common stock. d. Sold 500 shares of treasury stock at $14. A company has 10,000 shares of $10 par common stock outstanding. Journalize the following transactions: (If an amount box does not require an entry, leave it blank.) a. Purchased 1,500 shares of treasury stock at $16. The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares. b. Sold 1,000 shares of treasury stock at $19. E c. Purchased equipment for $80,000, paying $25,000 in cash and issuing 4,000 shares of common stock. d. Sold 500 shares of treasury stock at $14.

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a Purchased 1500 shares of treasury stock at 16 Debit Treasu... View the full answer