Question
1 14 p Justin started Company ABC on January 1, 2020. Make the appropriate journal entries. If no journal entry is required, please choose No
1 14 p Justin started Company ABC on January 1, 2020. Make the appropriate journal entries. If no journal entry is required, please choose "No Journal Entry" when appropriate. 1. On Jan 1, ABC issued 8,000 common shares of stock to investors for $15 each. The common stock has a par value of $0.10. Dr. Cash $120,000 Cr. $800 Common Stock Cr. $119,200 Additional Paid In Capital 2. On April 5, ABC repurchased 750 shares of its own stock for $17 per share. Dr. Treasury Stock $12,750 Cr. Cash $12,750 Collaborations 3. On May 20, ABC re-issued 200 of the shares it had repurchased on April 5. It sold it for $14 per share. It had purchased these shares for $17 per share. Note: re-issued means ABC sold the stock back to the market. # #3 80 F3 E D 674 4 DOD ODD F4 % 45 F5 MacBook Air
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