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I need help with the two entries in part (d) that have ???? Before Gordon Corporation engages in the following treasury stock transactions, its general
I need help with the two entries in part (d) that have ????
Before Gordon Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share). Paid-in Capital in Excess of Par- Common Stock $99,000 Common Stock $270,000 Retained Earnings $80,000 Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method tomatically indented 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.) (a) Bought 380 shares of treasury stock at $40 per share. (b) Bought 300 shares of treasury stock at $45 per share. (C) Sold 350 shares of treasury stock at $42 per share. (d) Sold 110 shares of treasury stock at $38 per share. No. Account Titles and Explanation Debit Credit (a) TT Treasury Stock 15200 Cash 15200 Treasury Stock 13500 Cash 13500 (c) Tcas PPTTTTTTT- 14700 Treasury Stock 14000 Paid-in Capital from Tre 700 Cash 4180 Paid-in Capital from Treasu ???? Treasury Stock
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