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Bridgeport Company has the following stockholders' equity accounts at December 31,2020. (a) Prepare entries in journal form to record the following transactions, which took phlace
Bridgeport Company has the following stockholders' equity accounts at December 31,2020. (a) Prepare entries in journal form to record the following transactions, which took phlace during 2021. (Credit occount bitiriare: automatically indented when 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.) (1) 270 shares of outstanding stock were purchased at $97 per share. These are to be accounted for using the cost (2) A \$22 per share cash dividend was declared. (3) The dividend declared in (2) above was paid. Prepare entries in journal form to record the following transactions, which took place during 2021. Creafit occount filles are automatically indented wher amount is entered. Do not indent manually if no entry is required, select "No Enty' for the occtuant eltis and enter O for the amounts) (1) 270 shares of outstanding stock were purchased at $97 per share. (These are to be accounted tor using the cost) method.) (2) A\$22 per share cash dividend was declared. (3) The dividend declared in (2) above was paid. (4) The treasury shares purchased in (1) above were resold at $103 per share: (5) 510 shares of outstanding stock were purchased at 5105 per share (6) 340 of the shares purchased in (5) above were resold at $96 per share
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