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Below you will find the stockholders' equity section of Exact Sciences as of 12/31/18 : During 2019 , the following transactions affected its stockholders' equity
Below you will find the stockholders' equity section of Exact Sciences as of 12/31/18 : During 2019 , the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $19 cash per share. Required: 1. Prepare journal entries to record each of these transactions. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the purchase of 5,000 shares of its own common stock for $15 cash per share. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the declaration of a cash dividend of $4 per share. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 1 Record the reissue of 1,875 shares of the treasury stock for $19 cash per share. Note: Enter debits before credits. Below you will find the stockholders' equity section of Exact Sciences as of 12/31/18 : During 2019 , the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $19 cash per share. Required: 1. Prepare journal entries to record each of these transactions. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the purchase of 5,000 shares of its own common stock for $15 cash per share. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the declaration of a cash dividend of $4 per share. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 1 Record the reissue of 1,875 shares of the treasury stock for $19 cash per share. Note: Enter debits before credits
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