Question
During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 330 shares of the company's own
During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 330 shares of the company's own common stock at $38 cash per share. b. Jun. 14 Sold 130 of the shares purchased on April 1 for $43 cash per share. c. Sept. 1 Sold 120 of the shares purchased on April 1 for $33 cash per share. Required: 1. Prepare journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet > 1 2 3 Repurchased 330 shares of the company's own common stock at $38 cash per share. Note: Enter debits before credits. Transaction a General Journal Debit Credit Record entry Clear entry View general journal
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