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Instructions Journalize the transactions for Prytania Corporation. The stockholders' equity section of Makoto Corporation's below: sheet at December 31, 2016 appears below: Issued 50,000 shares
Instructions Journalize the transactions for Prytania Corporation. The stockholders' equity section of Makoto Corporation's below: sheet at December 31, 2016 appears below: Issued 50,000 shares of common stock at $32 per share Purchased 25.000 shares of Makoto Corporation's common stock at $26 per share to be held in the treasury . Reissued 9,000 shares of treasury stock for $28 per share. Prepare the journal entries to record the above stock transactions. Prepare the stockholders' equity section of the balance sheet for Makoto Corporation December 31. 2017. Assume that net income for the year was $100,000 and that dividends were declared
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