Sprinkle SE has outstanding 10,000 shares of 10 par value ordinary shares. On July 1, 2022, Sprinkle
Question:
Sprinkle SE has outstanding 10,000 shares of €10 par value ordinary shares. On July 1, 2022, Sprinkle reacquired 100 shares at €87 per share. On September 1, Sprinkle reissued 60 shares at €90 per share. On November 1, Sprinkle reissued 40 shares at €83 per share. Prepare Sprinkle’s journal entries to record these transactions using the cost method.
Step by Step Answer:
July 1 2022 Debit Treasury Stock 100 shares x 87 per shar...View the full answer
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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