Accounting for Treasury Stock Big Ben Corporation provides travel planning services for large corporations across the...

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Accounting for Treasury Stock Big Ben Corporation provides travel planning services for large corporations across the world. On January 23, Big Ben Corporation repurchases $235,000 shares of its outstanding common stock for $18 per share. On May 19, Big Ben sells 111,500 shares of treasury stock for $10 per share. On November 1, Big Ben sells 75,000 shares of its treasury stock for $25 per share. Required: 1. Prepare the necessary journal entries to record these transactions. If an amount box does not require an entry, leave it blank. Jan. 23 Treasury Stock Cash May 19 Cash Nov. 1 Additional Paid-In Capital-Common Stock Treasury Stock Cash Treasury Stock Additional Paid-In Capital-Treasury Stock 4,230,000 1,115,000 X 223,000 X 1,875,000 4,230,000 1,338,000 X 900,000 X 975,000 X Accounting for Treasury Stock Big Ben Corporation provides travel planning services for large corporations across the world. On January 23, Big Ben Corporation repurchases $235,000 shares of its outstanding common stock for $18 per share. On May 19, Big Ben sells 111,500 shares of treasury stock for $10 per share. On November 1, Big Ben sells 75,000 shares of its treasury stock for $25 per share. Required: 1. Prepare the necessary journal entries to record these transactions. If an amount box does not require an entry, leave it blank. Jan. 23 Treasury Stock Cash May 19 Cash Nov. 1 Additional Paid-In Capital-Common Stock Treasury Stock Cash Treasury Stock Additional Paid-In Capital-Treasury Stock 4,230,000 1,115,000 X 223,000 X 1,875,000 4,230,000 1,338,000 X 900,000 X 975,000 X

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