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Cruz 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,
Cruz 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, 2024: Repurchased and retired 1.80 million shares at $8.80 per share. June 25, 2024: Repurchased and retired 2.80 million shares at $2.80 per share. Prior to the transactions, CCC's shareholders' equity included the following: Required: Prepare the journal entries to record the repurchase and retirement of the shares. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account fleld. Enter your answers In whole dollars. Journal entry worksheet Repurchased and retired 1.80 million shares at $8.80 per share. Note: Enter debits before credits
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