Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. January...
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Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. January 1 Number of common shares issued Par value per share Issue price per share. March 18 1 Number of shares purchased Purchase price per share November 11 % of shares resold Resale price per share 128,000 $0.01 $16.00 1,000 $41.00 20% $45.00 Required: 1. Use your spreadsheet to recalculate the amounts related to the stock transactions and then prepare the related journal entries: (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. January 1 Number of common shares issued Par value per share Issue price per share. March 18 1 Number of shares purchased Purchase price per share November 11 % of shares resold Resale price per share 128,000 $0.01 $16.00 1,000 $41.00 20% $45.00 Required: 1. Use your spreadsheet to recalculate the amounts related to the stock transactions and then prepare the related journal entries: (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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Issuance of Common Shares Date General Journal Debit Credit Jan... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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