Question
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. January 4,
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares.
| January | 4, 2018: | Repurchased and retired 2.00 million shares at $9.00 per share. | ||
| June | 25, 2018: | Repurchased and retired 3.00 million shares at $3.00 per share. |
Prior to the transactions, CCC's shareholders' equity included the following:
| Common stock, 81.00 million shares at $1 par | $ | 81,000,000 | |
| Paid-in capital - excess of par | 243,000,000 | ||
| Retained earnings | 130,000,000 | ||
What are the journal entries?
Repurchased and retired 2.00 million shares at $9.00 per share. Repurchased and retired 3.00 million shares at $3.00 per share.
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Energy Audit Of Building Systems An Engineering Approach
Authors: Moncef Krarti
1st Edition
0849395879, 978-0849395871
