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2. Note 25, Share Repurchase, provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February
2. Note 25, Share Repurchase," provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 3, 2018. Provide that entry. 3. Does Target account for share repurchases as (a) treasury stock or (b) retired shares? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 3, 2018. Refer Note 25, "Share Repurchase,". (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Record the repurchase of 17.6 million shares using information from Note 25, "Share Repurchase". Note: Enter debits before credits. Date General Journal Debit Credit February 03, 2018 explanation Record entry Clear entry View general journal 25. Share Repurchase 2016 Share Repurchases (millions, except per share data) Total number of shares purchased Average price paid per share Total investment 2017 17.6 58.44 $ 1,026 $ 2015 44.7 77.07 3,441 50.9 72.35 $ 3,686 $ $ $
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