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HW 1-Chapter 15 Question 1 of 19 > View Policies Current Attempt in Progress On January 1, 2020, Agassi Corporation had the following stockholders' equity
HW 1-Chapter 15 Question 1 of 19 > View Policies Current Attempt in Progress On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During 2020, the following transactions occurred. $500,000 512,000 635,000 Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. May 15 Reacquired 1,900 common shares at a market price of $16 per share. Nov. 15 Dec. 31 Reissued 950 shares held in treasury at a price of $18 per share. Determined that net income for the year was $376,000. (a1) -/201 or automatically (a1) Journalize the above transactions. (Include entries to close net income to Retained Earnings.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit MacBook Pro Credit Date Account Titles and Explanation Debit Credit
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