Discount Center Furniture, Inc. completed the following treasury stock transactions in 2018: Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required 2. How wil Discount Center Furniture, Inc. report treasury stock on to balance sheet as of December 31, 2018? Requirement 1. Joumalize these transactions (Record debits first then credits. Exclude explanations from any journal entries) Dec. 1. Purchased 1,600 shares of the company's S1 par value common stock as treasury stock, paying cash of $5 per sharo Date Accounts Dobit Credit Dec. 1 Dec 15: Sold 400 shares of the treasury stock for cash of $9 per share. Date Accounts Debit Credit Dec. 15 Dec. 20: Sold 1,100 shares of the treasury stock for cash of 51 per share. (Assume the balance in Pald-in Capital from Treasury Stock Transactions on December 20 is $2,500.) Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question d the following treasury stock transactions in 2018: ens.) anations are not required Inc. report treasury stock on its balance sheet as of December 31, 2018? clions. (Record debits first, then credits. Exclude explanations from any journal entries.) ompany's $1 par value col * More Info Accounts Dec. 1 Purchased 1,600 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. 15 Sold 400 shares of the treasury stock for cash of $9 per share. 20 Sold 1,100 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-in Capital from Treasury Stock Transactions on December 20 is $2,500.) stock for cash of $9 pers Accounts Print Done ury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,500.) Credit Accounts Debit mbor in the input fields and then continue to the next question G Search ordunun Discount Center Furniture, Inc. completed the following treasury stock transactions in 2018: (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Discount Center Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,600 shares of the company's $1 par value common stock as treasury stock, paying cash of $6 per share. Date Accounts Debit Credit Dec. 1 Cash Common Stock-$1 Par Value Common Stock Dividend Distributable Dec. 15: Sold 40 Dividends Payable-Common Date Pald-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common Dec. 15 Retained Earnings Treasury Stock-Common Debit Credit Dec. 20: Sold 1,100 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capital from Treasury St Date Accounts Dobit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Discount Center Furniture, Inc. completed the following treasury stock transactions in 2018: (Click the icon to view the transactions.) Requirements 1. Joumalize these transactions. Explanations are not required. 2. How will Discount Center Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Dec. 15: Sold 400 shares of the treasury stock for cash of $9 per share. Date Accounts Debit Credit Dec. 15 Dec. 20: Sold 1,100 shares of the treasury stock for cash of $1 per share. (Assume the balance in Pald-In Capital from Treasury S Dato Accounts Debit Credit Dec. 20 Requirement 2. How will Discount Center Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Discount Center Furnituro, Inc. will report treasury stock on the balance sheet as to tota Choose from any list or enter any number in the input fields and then continue to the next question. er Furniture, Inc. completed the following treasury stock transactions in 2018: con to view the transactions.) e these transactions. Explanations are not required. Discount Center Furniture, Inc. report treasury stock on its balance sheet as of December 31, 20 400 shares of the treasury stock for cash of $9 per share. Accounts Debit Credit d 1,100 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-In Capita Accounts Debit Credit above paid-in capital above retained earnings as part of paid-in capital beneath retained earnings ant 2. How will Discount Center Furniture, Inc. Center Furniture, Inc. will report treasury stock sheet as of December on the balance sheet as om any list or enter any number in the input fields and then continue to the next question. ock transactions in 2018: on its balance sheet as of December 31, 2018? share. Debit Credit per share. (Assume the balance in Paid-in Capital from Treasury Stock Transactions on Decer Debit Credit ort treasury stock on its balance sheet as of December 31, 2018? on the balance sheet as to total stockholders' equity. elds and then continue to the next question. a reduction an increase
