Question: i have updated the image es 11-9 ay 1, 2017, the vol.500.000 200,00 Durthe year, the Mart Pris per SA 10.000 shares Se share few

i have updated the image

es 11-9 ay 1, 2017, the vol.500.000 200,00 Durthe year, the Mart Pris per SA 10.000 shares Se share few S. Instructions Prepare the journal entries for each of the situations above. E11-9 On January 1, 2017, the equity section of Bergin ASA shows share capital-ordinary Journalize treas (5 par value) 1,500,000; share premium-ordinary 1,000,000; and retained earnings transactions. 1,200,000. During the year, the following treasury share transactions occurred. (LO 3) Mar. 1 Purchased 50,000 shares for cash at 12 per share. July 1 Sold 10,000 treasury shares for cash at 14 per share. Sept. 1 Sold 8,000 treasury shares for cash at 10 per share. Instructions (a) Journalize the treasury share transactions. (b) Restate the entry for September 1, assuming the treasury shares were sold at 9 per share

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