The Sharp Company was organized on January with an authorization of shares of $ par value common stock. During shares sold for a total of $ and Sharp recorded $ as net income. No dividends were declared or paid.

a Prepare journal entries for the following transactions that occurred in

In January shares of treasury stock were purchased for $

In July treasury shares were sold for $

In November shares of treasury stock were retired when the market value per share was $

In early December a stock dividend considered to be a small stock dividend was declared and issued, when the market value was $ per share. The stock dividend was declared on issued shares.

Answer rating: 100% (QA)

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