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Eastern Amusements Corporation had the following stockholders equity on November 30 EEB (Click the icon to view the stockholders' equity.) On Decamber 30, Eastern purchased
Eastern Amusements Corporation had the following stockholders equity on November 30 EEB (Click the icon to view the stockholders' equity.) On Decamber 30, Eastern purchased 225 shares of treasury stock at 510 per share. Read the requirements Requirement 1. Journalize the purchase of the treasury stock (Record debits first, then credits. Select the explanation on the last line of the journal entry table.] Data Table Date Accounts and Explanation Debit Credit Dec 30 Stockholders' Equity Paid-In Capital Common Stock-$5 Par Value: 1,300 shares authorized, 310 shares issued and outstanding Pald-In Capital In Excess of Par-Common Total Paid-In Capital 1,550 4,650 6,200 54,000 5 60,200 Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31,2018. Assume the balance in retained earnings is unchanged from November 30 Retained Earnings Balance Sheet (Partial) December 31 Stockholders' Equity Total Stockholders' Equity Paid-In Capital Print Done
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