Question
Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water reacquired 2,400 shares of its common
Biscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water reacquired 2,400 shares of its common stock at $70 per share. On September 6, Biscayne Bay Water sold 1,900 of the reacquired shares at $75 per share. The remaining 500 shares were sold at $65 per share on November 30.
a. Journalize the transactions of May 14, September 6, and November 30. If an amount box does not require an entry, leave it blank.
May 14 | fill in the blank ad4740013009051_2 | ||
fill in the blank ad4740013009051_4 | |||
Sept. 6 | fill in the blank ad4740013009051_6 | fill in the blank ad4740013009051_7 | |
fill in the blank ad4740013009051_9 | fill in the blank ad4740013009051_10 | ||
fill in the blank ad4740013009051_12 | fill in the blank ad4740013009051_13 | ||
Nov. 30 | fill in the blank ad4740013009051_15 | fill in the blank ad4740013009051_16 | |
fill in the blank ad4740013009051_18 | fill in the blank ad4740013009051_19 | ||
fill in the blank ad4740013009051_21 | fill in the blank ad4740013009051_22 |
b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? $fill in the blank 20ae2bfa2003030_1
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