Given the following stockholders' equity: Common Stock, $4 par value, authorized 98,000 shares, 77,000 shares issued and
Question:
Given the following stockholders' equity:
Common Stock, $4 par value, authorized 98,000 shares, 77,000 shares issued and outstanding
..................................................................................................$308,000
Retained Earnings.............................................................................510,000
Total Stockholders' Equity.................................................................$818,000
Journalize the following entries:
(20 min)
LO4
201X
Apr. 3 Issued 4,700 shares at $13 per share.
9 Reacquired 200 shares at $8 per share.
15 Reissued 102 shares of treasury stock at $15 per share.
17 Reissued 47 shares of treasury stock at $6 per share.
Step by Step Answer:
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater