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HELP URGENT PLEASE ANSWER QUESTION 1 AND 2 subject : Accounting The company began business on January 1 st . Its Balance Sheet on December
HELP URGENT
PLEASE ANSWER QUESTION 1 AND 2
subject : Accounting
The company began business on January 1st. Its Balance Sheet on December 31st contained the Shareholders Equity as follows:
During the year Colgate engaged in the following capital stock transactions:
- Issued shares for 15 each.
- Acquired 300 shares for the treasury in a single transaction.
- Reissued some of the treasury shares.
QUESTION :
Assume that those were all of the common stock transactions during the year.
1.- What was the price at which it reissued the treasury shares?
2.- What journal entries did it make during the year?
subject accounting please help urgent
The company began business on January 1st. It's Balance Sheet on December 31st contained the Shareholder's Equity as follows: Shareholder's Equity Colgate Palmolive corp. Common Stock (10 par value) Additional paid in capital Retained earnings Less 180 shares held in treasury Total Shareholder's Equity 30.000 15.720 6.000 -3.600 48.120 During the year Colgate engaged in the following capital stock transactions: a) Issued shares for 15 each. b) Acquired 300 shares for the treasury in a single transaction. c) Reissued some of the treasury shares. Assume that those were all of the common stock transactions during the year. 4.- What was the price at which it reissued the treasury shares? (12 points) 5.- What journal entries did it make during the year? (16 points) answer all the questions
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