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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.)
Journal entry worksheet Record the issuance of common shares at an issue price of $16 per share. Note: Enter debits before credits
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