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CHAPTER 2 0 QUESTION 4 ALL INFO THERE a. Record the entry on June 30 for purchase of 4,840 common shares for the treasury at
CHAPTER QUESTION ALL INFO THERE
a. Record the entry on June 30 for purchase of 4,840 common shares for the treasury at $18 per share. b. Record the entry on September 20 for sale of 1,760 treasury shares at $21 per share. c. Record the entry on November 3 for sale of 1,100 treasury shares at $17 per share. d, Record the entry on December 1 5 for sale of 880 treasury shares at $13 per share. Date a. June 30 b. Sept. 20 c. Nov. 3 d. Dec. 15 Account Name To record purchase of treasury stock. To record sale of treasury stock. To record sale of treasury stock. To record sale of treasury stock. cr. Cash Eq uipment , Investment, i n Stock Dividends Payable Property Dividends Payable Stock Common Stock .com mon Stock Dividends Distributable Paid-in Capitahn Excess of ParCommon Stock Paid-in Capita[in Excess of StetedValueCommon Stock *ld-in Capital in Excess of Parpreferred Stock Paid,in CapitalRetitedStocK5 PaidLin Retained Earnings Treasury Stock Legal Expense Unrealized Gain or Lossncome Save An e. Determine the number of shares issued and the number of shares outstanding on the following dates (after transactions have been recorded): June 30; September 20; November 3; and December 15. Issued Shares Outstanding Shares 1. June 30. 2. sept. 20. 3. Nov 3 3. Dec 15
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