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eBook Show Me How Print Item Question Content Area Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 7,300 shares of its common
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Question Content Area
Entries for Treasury Stock
On May 27, Buzz Off Inc. reacquired 7,300 shares of its common stock at $55 per share. On August 3, Buzz Off sold 4,200 of the reacquired shares at $58 per share. On November 14, Buzz Off sold the remaining shares at $54 per share.
Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank.
| May 27 | CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParTreasury Stock | - Select - | - Select - |
| CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParTreasury Stock | - Select - | - Select - | |
| Aug. 3 | CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParTreasury Stock | - Select - | - Select - |
| CashCommon StockPaid-In Capital in Excess of ParStock DividendsTreasury Stock | - Select - | - Select - | |
| CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParStock Dividends | - Select - | - Select - | |
| Nov. 14 | Cash DividendsCashCommon StockPaid-In Capital in Excess of ParTreasury Stock | - Select - | - Select - |
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
