Question
Bonita Inc. has outstanding 13,100 shares of $10 par value common stock. On July 1, 2025, Bonita reacquired 109 shares at $86 per share.
Bonita Inc. has outstanding 13,100 shares of $10 par value common stock. On July 1, 2025, Bonita reacquired 109 shares at $86 per share. On September 1, Bonita reissued 62 shares at $91 per share. On November 1, Bonita reissued 47 shares at $82 per share. Prepare Bonita's journal entries to record these transactions using the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation 7/1/25 Treasury Stock Cash 9/1/25 Cash Treasury Stock pa 11/1/25 Cash Paid-in Capital from Treasury Stock Treasury Stock Debit 9,374 5,642 3,854 188 Credit 9,374 5,332 310 4,042
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