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Bramble Corp. is authorized to issue 1,550,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15
Bramble Corp. is authorized to issue 1,550,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions.
Jan. 15 | Issued 719,000 shares of stock at $5 per share. | |
Sept. 5 | Purchased 22,000 shares of common stock for the treasury at $8 per share. | |
Dec. 6 | Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2021. |
Journalize the transactions for Bramble Corp.
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