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Home sert Page Layout Formats Data Review View Help Acrot X CR 1 Copy of Pante Cebu Calin AA S=- Wrap Text BIC-E0A Mergea Center

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Home sert Page Layout Formats Data Review View Help Acrot X CR 1 Copy of Pante Cebu Calin AA S=- Wrap Text BIC-E0A Mergea Center For Alone H Trinidad Inc. had issued 100.000 shares of its $1 par common stock for $10 in January 2020. In 2021. Trinidad completed these treasury stock transactions: February 2: Reacquired 20,000 shares at S12 March 17: Sold 20.000 shares at $14. May 17: Sold 25,000 shares at $8. Prepare the journal entries for the above 3 transactions using the Cost Method. DATE ACCOUNT DEBIT CREDIT 1 2 2 Magnum Ca's balance sheet showed the following at December 31, 20213 Common stock, Stopar (10.000 shares 100.000 Paid in capital excess of par 50,000 Matindings 20,000 Prepare appropriate journaling achidiend in the amount of 51.00 per share The cash dividend is declared on December 31, 2021. and is payable on January 20, 2022 to shareholders of record on January 10, 2022 DATE ACCOUNT DEBIT CREDIT 1 13

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