On March 3rd, 4J corporation issued 5,000 shares of its $2.00 par common stock for $15...
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On March 3rd, 4J corporation issued 5,000 shares of its $2.00 par common stock for $15 per share. On July 1, the company bought back 1,500 shares of its own common stock for $17 per share. On September 2nd, they resold 500 shares for $20 per share. On September 15th, they resold 600 shares for $15. On October 14th, the board of directors declared a $1 dividend per share of outstanding stock for shareholders on record as of October 28th, which will be paid out on November 2nd. The jorunal entry to record the October 14th declaration would be a debit to for A/ for and a credit to On March 3rd, 4J corporation issued 5,000 shares of its $2.00 par common stock for $15 per share. On July 1, the company bought back 1,500 shares of its own common stock for $17 per share. On September 2nd, they resold 500 shares for $20 per share. On September 15th, they resold 600 shares for $15. On October 14th, the board of directors declared a $1 dividend per share of outstanding stock for shareholders on record as of October 28th, which will be paid out on November 2nd. The journal entry to record the November 2nd payment of dividends would be a debit to A/ for A/ for A/ and a credit to On March 3rd, 4J corporation issued 5,000 shares of its $2.00 par common stock for $15 per share. On July 1, the company bought back 1,500 shares of its own common stock for $17 per share. On September 2nd, they resold 500 shares for $20 per share. On September 15th, they resold 600 shares for $15. On October 14th, the board of directors declared a $1 dividend per share of outstanding stock for shareholders on record as of October 28th, which will be paid out on November 2nd. The jorunal entry to record the October 14th declaration would be a debit to for A/ for and a credit to On March 3rd, 4J corporation issued 5,000 shares of its $2.00 par common stock for $15 per share. On July 1, the company bought back 1,500 shares of its own common stock for $17 per share. On September 2nd, they resold 500 shares for $20 per share. On September 15th, they resold 600 shares for $15. On October 14th, the board of directors declared a $1 dividend per share of outstanding stock for shareholders on record as of October 28th, which will be paid out on November 2nd. The journal entry to record the November 2nd payment of dividends would be a debit to A/ for A/ for A/ and a credit to
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