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Homework: Chapter 15 Question 5 of 11 0.92/ 15 Pronghorn Inc. has outstanding 12,600 shares of $10 par value common stock. On July 1, 2020,
Homework: Chapter 15 Question 5 of 11 0.92/ 15 Pronghorn Inc. has outstanding 12,600 shares of $10 par value common stock. On July 1, 2020, Pronghorn reacquired 100 shares at $86 per share. On September 1. Pronghorn reissued 61 shares at $92 per share on November 1. Pronghorn reissued 47 shares at $82 per share. Prepare Pronghorn's Journal entries to record these transactions using the cost method. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 7/1/20 Treasury Stock 9288 Cash 9288 9/1/20 Cash 5612 366 Paid-in Capital from Treasury Stock 5246 Treasury Stock 11/1/20 Cash 3854 Pald-in Capital from Treasury Stock Treasury Stock
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