Question: please post the journal entries! thanks!! Problem 15-2 (Part Level Submission) Kingbird Company had the following stockholders' equity as of January 1, 2017. Common stock,
Problem 15-2 (Part Level Submission) Kingbird Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 20,200 shares issued Paid-in capital in excess of par--common stock Retained earnings Total stockholders' equity $101,000 303,000 319,000 $723,000 During 2017, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Kingbird repurchased 2,060 shares of treasury stock at a price of $18 per share 720 shares of treasury stock repurchased above were reissued at $16 per share. 490 shares of treasury stock repurchased above were reissued at $15 per share. 650 shares of treasury stock repurchased above were reissued at $20 per share
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
