Given the following stockholders? equity: Common Stock, $7 par value, authorized 98,000 shares, 79,000 shares issued and
Question:
Given the following stockholders? equity:
Common Stock, $7 par value, authorized 98,000 shares, 79,000 shares issued and outstanding |
$553,000 |
Retained Earnings |
520,000 |
Total Stockholders? Equity |
$1,073,000 |
Journalize the following entries:
Transcribed Image Text:
201X Apr. 3 Issued 4,700 shares at $12 per share. 9 Reacquired 197 shares at $6 per share. 15 Reissued 109 shares of treasury stock at $10 per share. 17 Reissued 51 shares of treasury stock at $2 per share.
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April 3 Cash 56400 Common Stock 32900 Paidin Capital in Ex...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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