Question
FKD Company originally issued 40,000 ordinary shares with a $5 par for $320,000 on January 10, 2021. Stony purchased 2,000 treasury shares for $18,000 on
FKD Company originally issued 40,000 ordinary shares with a $5 par for $320,000 on January 10, 2021. Stony purchased 2,000 treasury shares for $18,000 on March 15, 2021. On May 8, 2021, 1,000 treasury shares are sold for $10,500.
Prepare journal entries to record these share transactions.
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Construction Auditing Planning Implementation Use
Authors: Peter Wotschke, Gregor Kindermann
1st Edition
3658388404, 978-3658388409
