Question: The information below should be used for the next three questions. You will first provide the journal entries for each of 4 stock transactions. The

 The information below should be used for the next three questions.

The information below should be used for the next three questions. You will first provide the journal entries for each of 4 stock transactions. The next question will require you to provide the number of shares that are authorized, issued, outstanding and held in treasury (after these 4 transactions). Finally, you will prepare the stockholders' section of the balance sheet for Boogle Corporation. Boogle Corporation was incorporated on January 1, 2020. The charter authorized the following stock: Common Stock, $1 par value; 20,000 shares authorized Preferred Stock, 5% cumulative; $100 par value; 5,000 shares authorized The 2020 net income was $30,000 and the company did not pay any dividends in 2020. In the space below, provide the journal entries for these transactions: A) On January 1, 2020, Boogle issued a total of 8,000 shares of the $1 par value common stock for $50 per share. B) On March 15, 2020, Boogle issued a total of 2,000 shares of the $100 par value preferred stock for cash at $120 per share. C) On July 1, 2020, Boogle purchased 500 shares of its own common stock from the stockholders. The company paid $60 per share for this repurchase which is currently being held in Treasury. D) On August 1, 2020, Boogle reissued 70 shares of the common treasury stock for $65 per share

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