E14-6 Lordstrom's, Inc., had the following stockholders' equity on November 30: Stockholders' Equity Common stock, $5 par,

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E14-6 Lordstrom's, Inc., had the following stockholders' equity on November 30: Stockholders' Equity Common stock, $5 par, 500,000 shares authorized. 50,000 shares issued.. Paid-in capital in excess of par. Retained earnings. Total stockholders' equity $250,000 150,000 520,000 $920,000 On November 27, the company purchased 25,000 shares of treasury stock at $6 per share. Journalize the purchase of the treasury stock. and prepare the stockholders' equity section of the balance sheet at December 31.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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