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I posted it on chegg earlier but the answer as you can see us incorrect please tell me the correct answer thank you Question 12
I posted it on chegg earlier but the answer as you can see us incorrect please tell me the correct answer thank you Question 12 of 16 3.8179 View Policies Show Attempt History Current Attempt in Progress On January 1, 2022, the stockholders' equity section of Tamarisk, Inc. shows common stock ($5 par value) $1.500,000; paid in capital in excess of par $1,010,000; and retained earnings $1,150,000. During the year, the following treasury stock transactions occurred. 1 Mar. July Sept 1 Purchased 50,000 shares for cash at $15 per share. Sold 11,000 treasury shares for cash at $17 per share. Sold 9,500 treasury shares for cash at $14 per share. 1 (a) Your answer is partially correct. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. 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 o for the amounts.) Date Account Titles and Explanation Treasury Stock Debit Credit Mar. 1 750000 Cash 750000 July 1 Cash 187000 Treasury Stock 55000 Paid-in Capital from Treasury Stock 132000 Sept. 1 133000 Paid-in Capital from Treasury Stock 85500 Treasury Stock 47500 e Textbook and Media List of Accounts
I posted it on chegg earlier but the answer as you can see us incorrect please tell me the correct answer thank you
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