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Jones Junkyard Corp. had the following transactions for this year Prepare journal entries for each transaction and post the transactions to the provided ledger cards
Jones Junkyard Corp. had the following transactions for this year Prepare journal entries for each transaction and post the transactions to the provided ledger cards you go along. Note: You will not be posting the complete entries-pest to only the accounts listed in the ledger cards. a. On Jan 1, Jones Junkyard issued 6,000 shares of 54 pack for $27,000 b. On March 15, Jones Junkyard purchased 1,000 shares of their stack on the open market for $10 cash per share c. On July 10, Jones Junkyard re-issued 2.500 shares of treasury stock for 513 per share. d. On October 31, Jones Junkyard re-issued 500 shares of try stack for $8 per share. Journal entries: Date Mar 15 July 10 Oct 31 Description Ledger cards: Treasury Stock, Common Date Beg. Bal. Debits Date Beg. Bal. Debit Credit Credits Balance 0 Paid in Capital, Treasury Stock Debits Credits Balance 0
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