Question: eBook Show Me How Question Content Area Issuing and Repurchasing Stock Redbird, Inc., had the following transactions related to its common and preferred stock: March

eBook Show Me How
Question Content Area
Issuing and Repurchasing Stock
Redbird, Inc., had the following transactions related to its common and preferred stock:
March 22 Sold 50,000 shares of $0.50 par common stock for $12 per share. Sold 2,000 shares of $10 par preferred stock at $14 per share.
November 9 Repurchased 3,100 shares of the common stock at $20 per share.
Required:
Prepare the journal entries for these transactions. If an amount box does not require an entry, leave it blank.
Mar. 22
Nov. 9

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