Kim is a Korean company which produces high quality accessories. Here are some of the transactions...
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Kim is a Korean company which produces high quality accessories. Here are some of the transactions related to its equity in 2021. 5 January Issued 80.000 shares of $12 par value ordinary shares for a new building. The fair value of the building is $1.200.000. Buy back 30.000 shares of ordinary share at $ 630.000. 23 March 17 June Sold 12.000 shares of treasury share with market value $26/share. Sold 15.000 shares of treasury share with market value $17/share. The remaining of the treasury share is retired. 5 September 29 December Please make the journal entries for all the transaction above using cost method and par method! Kim is a Korean company which produces high quality accessories. Here are some of the transactions related to its equity in 2021. 5 January Issued 80.000 shares of $12 par value ordinary shares for a new building. The fair value of the building is $1.200.000. Buy back 30.000 shares of ordinary share at $ 630.000. 23 March 17 June Sold 12.000 shares of treasury share with market value $26/share. Sold 15.000 shares of treasury share with market value $17/share. The remaining of the treasury share is retired. 5 September 29 December Please make the journal entries for all the transaction above using cost method and par method!
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JOURNAL ENTRIES Date Account titles and description Debit Credit a Cost Method 2021 5th January Buil... View the full answer
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date:
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