Question
Brady inc has 100,000 shares of common stock outstanding as of the beginning of 2020. Livingston had the following transactons affecing stockholders' equity in 2020.
Brady inc has 100,000 shares of common stock outstanding as of the beginning of 2020. Livingston had the following transactons affecing stockholders' equity in 2020.
October 15
April 1 Issued 50,000 shares of $1 par common stock for $50 per share.
June 15 -Purchased 10,000 of treasury stock for $55 per share.
July 1Declared a cash dividend of $2.00 per share to all stockholders of record on July 15, payable on August 1.
August 1 paid the cash dividend declared on July 1.
October 15 Resold 2,000 shares of treasury stock purchased on June 15 for $60 per share.
Questioin: Record each of these transactons/ journal entry (I died it myself but want my work double checked**
my answer i put in photos the part that threw me off was the part about 100k stocks outstanding
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