Question
Arantxa Corporation has issued 20,000 IPO at $14 per share wherethe face value was 10/share on May 2, 2014. At the time ofissuing IPO, Arantxa
Arantxa Corporation has issued 20,000 IPO at $14 per share wherethe face value was 10/share on May 2, 2014. At the time ofissuing IPO, Arantxa had $120,000 of retained earnings. OnAugust 1, 2014, Arantxa reacquired 3,000 shares at $12 per share.On November 1, Arantxa sold the 2,400 shares at $15 pershare. Prepare Arantxa’s journal entries to record thesetransactions. Prepare their Equity section dated November 1,2014.
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The 5 Ws Of Accounting So Clear A Two Year Old Gets It
Authors: Hayes Grooms III
1st Edition
979-8761646803
