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A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the
A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of Year 1. The company has the following transactions affecting stockholders' equity in Year 1. Need the journal entries, you may answer all of them since they are a part of the same question.
er 10 - Homework Saved Help Save & Exit SL Check my we A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of Year 1. The company has the following transactions affecting stockholders' equity in Year 1. March 1 Issues 63,00 additional shares of $1 par value common stock for $60 per share. May 10 Purchases 5,800 shares of treasury stock for $63 per share. June 1 Declares a cash dividend of $1.90 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,900 shares of treasury stock purchased on May 10 for $68 per share. nt ences Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of 63,000 additional shares of $1 par value common stock for $60 per share. Note: Enter debits before credits. Date General Journal Debit Credit View transaction list Journal entry worksheet ces Record the issuance of 63,000 additional shares of $1 par value common stock for $60 per share. Note: Enter debits before credits. Date General Journal Debit Credit March 01 Record entry Clear entry View general journalStep by Step Solution
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