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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 as you go along. Note: You will not be posting the complete entries post to only the accounts listed in the genearl ledger cards.
a On Jan Jones Junkyard issued shares of $ par value common stock for $
Jan. Cash
to record the issuance of shares of common stock
b On March Jones Junkyard purchased shares of their own stock on the open market for $ cash per share.
Mar.
Treasury Stock, Common
Cash
to record the purchase of shares of our own comman stock fram the open market at $ per hsare.
c On July Jones Junkyard reissued shares of the treasury stock for $ per share
July
Cash
to record the reissuance of shores of treasury stock purchosed on March
d On October Jones Junkyard reissued shares of treasury stock for $ per share.
Oct.
Cash
to record the reIssuance of shores of treasury stack purchased on March
e Post the Treasury Stock, Common and Paid in Capital, Treasury Stock transactions from above to the general ledgef cards befown,
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