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Edmond Company had the following transactions during 2019. 1-Jan Issued common stock for cash. Number of shares issued 30,000 Par value per share $ 2
| Edmond Company had the following transactions during 2019. | ||||
| 1-Jan | Issued common stock for cash. | |||
| Number of shares issued | 30,000 | |||
| Par value per share | $ 2 | |||
| Market price per share | $ 5 | |||
| 1-Mar | The company purchased shares of its common stock for the treasury. | |||
| Number of shares purchased | 4,000 | |||
| Market price per share | $ 8 | |||
| 1-Jun | The company sells some shares of its Treasury Stock | |||
| Number of shares sold | 1,000 | |||
| Market price per share | $ 10 | |||
| 1-Sep | The company sells some shares of its Treasury Stock | |||
| Number of shares sold | 2,000 | |||
| Market price per share | $ 6 | |||
| INSTRUCTIONS: Journalize these transactions. | ||||
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott
1st Edition
0471205494, 978-0471205494
