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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 ledger cards.
a On Jan Jones Junkyard issued shares of $ par common stock for $
b On March Jones Junkyard purchased shares of their own stock on the open market for $
cash per share.
c On July Jones Junkyard reissued shares of treasury stock for $ per share.
d On October Jones Junkyard reissued shares of treasury stock for $ per share.
Journal entries:
Mar
July
Oct
Ledger cards:
Paid in Capital, Treasury Stock
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