A company reported the following stockholders' equity on January 1 of the current year: Common stock-$10...
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A company reported the following stockholders' equity on January 1 of the current year: Common stock-$10 par value, 1,000,000 shares authorized; 251,000 shares issued Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Prepare journal entries for the following selected transactions. March 1 Purchased 10, 100 shares of its own stock for $19 cash per share. May 5 Sold 4,100 shares of its treasury stock for $19 cash per share. October 12 Sold 2,100 shares of its treasury stock for $20 cash per share. View transaction list Journal entry worksheet < Purchased 10,100 shares of its own stock for $19 cash per share. Note: Enter debits before credits. Date March 01 Record entry General Journal Clear entry $ 2,510,000 1,261,000 1,676,000 $5,447,000 Debit Credit View general journal A company reported the following stockholders' equity on January 1 of the current year: Common stock-$10 par value, 1,000,000 shares authorized; 251,000 shares issued Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Prepare journal entries for the following selected transactions. March 1 Purchased 10, 100 shares of its own stock for $19 cash per share. May 5 Sold 4,100 shares of its treasury stock for $19 cash per share. October 12 Sold 2,100 shares of its treasury stock for $20 cash per share. View transaction list Journal entry worksheet < Purchased 10,100 shares of its own stock for $19 cash per share. Note: Enter debits before credits. Date March 01 Record entry General Journal Clear entry $ 2,510,000 1,261,000 1,676,000 $5,447,000 Debit Credit View general journal
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Here are the journal entries for the selected transactions 1 March 1 Pu... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
Posted Date:
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