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1) Homer Co. issues 9,250 shares of $2 par value common stock for $15 per share. a. What is the journal entry to record
1) Homer Co. issues 9,250 shares of $2 par value common stock for $15 per share. a. What is the journal entry to record this transaction? (You may or may not need all rows of this textbox). b. Homer Co. repurchases 1,250 of its own $2 par common stock for $19 per share. What is the journal entry to record this transaction? (You may or may not need all rows of this textbox). c. Assuming the above transactions represent all of the common stock activity of Homer Co., how many common shares are issued? d. Assuming the above transactions represent all of the common stock activity of Homer Co., how many common shares are in treasury? e. Assuming the above transactions represent all of the common stock activity of Homer Co., how many common shares are outstanding?
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