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I just need the second part, about the stockholders equity. Problem 15-02 Shamrock Company had the following stockholders' equity as of January 1, 2020. Common
I just need the second part, about the stockholders equity.
Problem 15-02 Shamrock Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 18,400 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $92,000 303,000 318,000 $713,000 ly During 2020, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 Shamrock repurchased 2,100 shares of treasury stock at a price of $17 per share. 880 shares of treasury stock repurchased above were reissued at $15 per share. 480 shares of treasury stock repurchased above were reissued at $14 per share. 610 shares of treasury stock repurchased above were reissued at $20 per share. Prepare the joumal entries to record the treasury stock transactions in 2020, assuming Shamrock uses the cost method. (Credit account tities are auton when 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. Totoond Eyrnation Debit Credit Prepare the stockholders' equity section as of April 30, 2020. Net income for the first 4 months of 2020 was $135,000. (Enter account name only and do not provide descriptive information.) SHAMROCK COMPANY Stockholders' EquityStep by Step Solution
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