Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

30 River Side LLC repurchased 100 shares of its outstanding common stock for OMR 65 oath on March 28 2019 On 2019 Mach 29, the

image text in transcribed
image text in transcribed
30 River Side LLC repurchased 100 shares of its outstanding common stock for OMR 65 oath on March 28 2019 On 2019 Mach 29, the River Side LEC reacquired 100 shares of its outstanding common stock for OMR Geach, Paul the necesy journal entries to record the said information wote 200 Page Dr. Treasury stock OMR 6500 Cr Cash OMR 6500 Dr. Teasury stock OMR 6500 C.Share premium OMR 6500 Dr. Cash OMR6500 Treatury stock 6500 None of the listed choices b. The company inued 40 shares worth OMR 68 each on May 28, 2011. Pas the necessary journal entries to record the said information 30 Hhver side ac repurchased 100 shares of ts outstanding common stock for CIMB 65 each on March 24, 2019. On 2010 March 28, the River Side Lac racquarod 100 shares of its outstanding common stock for OMR 65 vach. a. Pass the necessary fournal entries to record the said information Market 200 Dr. Cash OMR 2.720 Cr. Treasury stock OMR 120 Cr Share premium OMR 2,600 Dr. Cash OMR 2720 C. Treasury stock OMR 2,600 Retained earnings OMR 120. None of the listed choices Dr. Cash OMR.2.720 C. Treatusy stock OMR 2.600 C Share premium CMR 120 sary journal entries to record the said information Type here to search 4 007 F USSM WM

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Expert Fraud Investigation A Step By Step Guide

Authors: Tracy Coenen

1st Edition

0470387963, 978-0470387962

More Books

Students also viewed these Accounting questions

Question

politeness and modesty, as well as indirectness;

Answered: 1 week ago