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Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 7,500 shares of its common stock at $22 per share. On August 3,
Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 7,500 shares of its common stock at $22 per share. On August 3, Kick Off sold 4,400 of the reacquired shares at $25 per share. On November 14, Kick Off sold the remaining shares at $21 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 Aug. 3 Nov. 14 Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 70,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $60 par $2,940,000 Paid-In Capital from Sale of Treasury Stock 88,000 Paid-In Capital in Excess of Par-Common Stock 833,000 Retained Earnings 1,411,000 Treasury Stock 42,000 Paid-in capital: Stockholders' Equity Total Paid-In Capital B Total Stockholders' Equity . Retained Earnings Statement Honey Mill Cameras Inc. reported the following results for the year ended October 31, 20Y9: Retained earnings, November 1, 2018 Net income Cash dividends declared Stock dividends declared $1,954,500 801,300 74,000 190,000 Prepare a retained earnings statement for the fiscal year ended October 31, 2019. Honey Mill Cameras Inc. Retained Earnings Statement For the Year Ended October 31, 20Y9
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