Question
------------------------------------------------------------------------------ during 20XX transaction: Jan 2. $10 per share for a 1000 shares of com. stock were issued. -- Feb 16. $8 per share for
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during 20XX transaction:
Jan 2. $10 per share for a 1000 shares of com. stock were issued. -- Feb 16. $8 per share for a 2000 share com.stock issued. -- Mar. 1 a $0.20 per share cash dividened declared, dated to be paid on Mar. 30. date record is Mar. 16. -- Mar. 30 paid cash div -- Nov 2. Company annocunced 1% dividend on every com.stock outstanding. Current market val was $8 per share on this date. Date or record Nov.15 -- Dec.2 Company bought back 5000 shares of thier own at $12 per share. --Dec. 21. The company sold treasury stock 300 shares at $14 per share.
record entries.
Balance sheet for company for 12/31/20XX shows the following: Com. Stock; $1 par value;11000000 shares authorized,8000000 shares issued outstanding $8,000,000 Paid-in excess par value 200,000 Retain earns 800,000,000Step by Step Solution
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