Advance Medical Imaging, Inc. reacquired 2,000 shares of its $5 par common stock at $15 a...

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Advance Medical Imaging, Inc. reacquired 2,000 shares of its $5 par common stock at $15 a share. The stock originally sold for $10 a share. Required: a. Prepare the journal entry to record the reacquisition under the 1. cost method 2. par value method b. Prepare the journal entry to record the reissuance of 500 shares at $18 a share under the 1. cost method 2. par value method c. Prepare the journal entry to record the reissuance of 1,000 shares at $12 a share under the 1. cost method 2. par value method d. Prepare the journal entry to record the retirement of the remaining 500 shares under the 1. cost method 2. par value method Advance Medical Imaging, Inc. reacquired 2,000 shares of its $5 par common stock at $15 a share. The stock originally sold for $10 a share. Required: a. Prepare the journal entry to record the reacquisition under the 1. cost method 2. par value method b. Prepare the journal entry to record the reissuance of 500 shares at $18 a share under the 1. cost method 2. par value method c. Prepare the journal entry to record the reissuance of 1,000 shares at $12 a share under the 1. cost method 2. par value method d. Prepare the journal entry to record the retirement of the remaining 500 shares under the 1. cost method 2. par value method

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NoAccounts a Treasury stock 2000 shares x 15 per share Cas... View the full answer