Question
Apply Excel (Part 2) Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. January 1 Number of common shares
Apply Excel (Part 2)
Revise your worksheet to reflect these updated assumptions and then answer the questions that follow.
| January 1 | |||
| Number of common shares issued | 128,000 | ||
| Par value per share | $ | 0.01 | |
| Issue price per share | $ | 16.00 | |
| March 18 | |||
| Number of shares purchased | 1,000 | ||
| Purchase price per share | $ | 41.00 | |
| November 11 | |||
| % of shares resold | 20 | % | |
| Resale price per share | $ | 45.00 | |
Required: 1. Use your spreadsheet to recalculate the amounts related to the stock transactions and then prepare the related journal entries: (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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ISE International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th Edition
1260547981, 9781260547986
