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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
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 as you go along. Note: You will not be posting the complete entries post to only the accounts listed in the ledger cards. a. On Jan 1, Jones Junkyard issued 5,000 shares of $3 par common stock for $18,000. b. On March 15, Jones Junkyard purchased 2,000 shares of their own stock on the open market for $12 cash per share. c. On July 10, Jones Junkyard re-issued 1,500 shares of treasury stock for $15 per share. d. On October 31, Jones Junkyard re-issued 500 shares of treasury stock for $11 per share. Journal entries: Datel Jan 1 Mar 15 July 10 Description: Debit Credit
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