Arantxa S.A. has outstanding 20,000 shares of R$5 par value ordinary shares. On August 1, 2019, Arantxa

Question:

Arantxa S.A. has outstanding 20,000 shares of R$5 ordinary shares. On August 1, 2019, Arantxa reacquired 200 shares at R$80 per share. On November 1, Arantxa reissued the 200 shares at R$70 per share. Arantxa had no previous treasury share transactions. Prepare Arantxa's journal entries to record these transactions using the cost method.
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...