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A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following: a. Purchased 1,500 shares of treasury stock at
A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following: a. Purchased 1,500 shares of treasury stock at $16. The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares. Treasury Stock Cash b. Sold 1,000 shares of treasury stock at $19. If an amount box does not require an entry, leave it blank or enter "0". Cash Paid-In Capital from Sale of Treasury Stock Treasury Stock C. Purchased equipment for $80,000, paying $25,000 in cash and issuing 4,000 shares of common stock. If an amount box does not require an entry, leave it blank or enter "0". Equipment Cash Common Stock Paid-In Capital in Excess of Par-Common Stock d. Sold 500 shares of treasury stock at $14. If an amount box does not require an entry, leave it blank or enter "0". Cash Paid-in Capital from Sale of Treasury Stock Treasury Stock
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