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During 2011 the following selected transactions affecting stockholders equity occurred for TARP Corporation: a. Feb. 1 Purchased in the open market 340 shares of the
During 2011 the following selected transactions affecting stockholders equity occurred for TARP Corporation: |
a. | Feb. | 1 | Purchased in the open market 340 shares of the companys own common stock at $26 cash per share. | |
b. | Jul. | 15 | Sold 60 of the shares purchased on February 1 for $27 cash per share. | |
c. | Sept. | 1 | Sold 30 more of the shares purchased on February 1 for $25 cash per share. |
Required: |
1. | Give the indicated journal entries for each of the transactions.(Omit the "$" sign in your response.) |
Date | General Journal | Debit | Credit | |
Feb. | 1 | (Click to select)Dividends payableCommon stockRetained earningsCapital in excess of parTreasury stock, commonPreferred stockCashBonds payable | ||
(Click to select)Treasury stock, commonCommon stockCashPreferred stockBonds payableDividends payableCapital in excess of parRetained earnings | ||||
July | 15 | (Click to select)Retained earningsTreasury stock, commonCashCapital in excess of parPreferred stockDividends payableBonds payableCommon stock | ||
(Click to select)Bonds payableCashDividends payablePreferred stockCapital in excess of parTreasury stock, commonCommon stockRetained earnings | ||||
(Click to select)Common stockBonds payableCashDividends payablePreferred stockRetained earningsTreasury stock, commonCapital in excess of par | ||||
Sept. | 1 | (Click to select)Bonds payableDividends payableCapital in excess of parCommon stockRetained earningsPreferred stockCashTreasury stock, common | ||
(Click to select)Treasury stock, commonCashCommon stockBonds payableCapital in excess of parDividends payablePreferred stockRetained earnings | ||||
(Click to select)Treasury stock, commonBonds payableCapital in excess of parDividends payableRetained earningsCommon stockCashPreferred stock |
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