The shareholders equity section of Jason Company as of December 31, 2017 follows: Common stock $180,000 Additional
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Question:
The shareholders’ equity section of Jason Company as of December 31, 2017 follows:
Common stock | $180,000 |
Additional paid-in capital (Common stock) | 110,000 |
Retained earnings | 160,000 |
Total shareholders’ equity | $450,000 |
On January 15, the company repurchased 1,500 shares of its own stock at $60 for treasury stock. On January 16, as part of a compensation package, the company reissued half of the treasury shares to executives who exercised stock options for $20 per share. On January 28, the company reissued the remainder of the treasury stock on the open market for $66 per share. Which of the following would be included in the journal entry recorded on January 16?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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