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= Homework: Week One Pachelo Company recorded the original issuance of its $12 par value common shares as follows: (Click the icon to view
= Homework: Week One Pachelo Company recorded the original issuance of its $12 par value common shares as follows: (Click the icon to view the data.) Read the requirement. Question 9, E15-12 (similar to) Part 1 of 5 HW Score: 0%, 0 of 11 points Points: 0 of 1 Save a. Pachelo bought 110,000 shares of common stock as treasury shares at $50. It used the cost method to account for treasury transactions. Account Data table H Account Cash Common Stock Additional Paid-in Capital in Excess of Par - Common Print Done Type here to search Current Year Debit Credit 10,600,000 3,300,000 7,300,000 Bi Requirement Provide the journal entries for the following transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Pachelo bought 110,000 shares of common stock as treasury shares at $50. It used the cost method to account for treasury transactions. b. Pachelo declared a $4 per share cash dividend. c. Pachelo sold 28,000 shares of treasury stock at $73. d. Pachelo sold 58,000 treasury shares at $33. e. Pachelo paid the cash dividend. # Print Done 46F Clear ^ Check answer 7:35 PM 1/10/2022
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