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Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 77,000 shares of its common stock at $10 per share. On August 3, Kick
Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 77,000 shares of its common stock at $10 per share. On August 3, Kick Off sold 51,000 of the reacquired shares at $13 per share. On November 14, Kick Off sold the remaining shares at $8 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 a Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 70,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $80 par $4,480,000 269,000 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 1,176,000 Retained Earnings 2,106,000 Treasury Stock 121,000 Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity
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