Question
Brief Exercise 15-9 Whispering Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2017, Whispering reacquired 220 shares at $86
Brief Exercise 15-9
Whispering Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2017, Whispering reacquired 220 shares at $86 per share. On November 1, Whispering reissued the 220 shares at $78 per share. Whispering had no previous treasury stock transactions. Prepare Whisperings journal entries to record these transactions using the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
8/1/17 |
| ||
11/1/17 | |||
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