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A) B) C) Below you will find the Stockholder's Equity section of the Balance Sheet of CVC Capital Partners for the year ended December 31,2018:
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Below you will find the Stockholder's Equity section of the Balance Sheet of CVC Capital Partners for the year ended December 31,2018: $150,000 3,600,000 $200,000 ($525,000) $500,000 APIC -Common Stock Total Stockholders' Equit On January 31, 2019 the company sold 25,000 shares of treasury stock for $17 per share. What journal entry is made to record this transaction? Assume the company originally recorded the treasury stock using the cost method. Start your journal entry with debits first and then credits and in the exact order that each account is presented in our class power point slides and using the exact account names presented per the table above. To receive full credit for your response: The first column should include the Debit and name of the account or Credit and name of the account. For example: If Debiting Retained Earnings for $100, then you should enter per column 1: Debit Retained Earnings and per column 2 (same line) 100 (without the dollar sign) On February 25th, 2019 the company sold 8,000 shares of treasury stock for $8 per share. What journal entry is made to record this transaction? Start your journal entry with debits first and then credits and in the exact order that each account is presented in our class power point slides and using the exact account names presented per the table above. To receive full credit for your response: The first column should include the Debit and name of the account or Credit and name of the account. For example: If Debiting Retained Earnings for $100, then you should enter per column 1: Debit Retained Earnings and per column 2 (same line) 100 (without the dollar sign) On May 26th, 2019 the company retired 1,000 shares of treasury stock for $15 per share. What journal entry is made to record this transaction? Start your journal entry with debits first and then credits and in the exact order that each account is presented in our class power point slides and using the exact account names presented per the table above. To receive full credit for your response: The first column should include the Debit and name of the account or Credit and name of the account. For example: If Debiting Retained Earnings for $100, then you should enter per column 1: Debit Retained Earnings and per column 2 (same line) 100 (without the dollar sign)Step by Step Solution
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