Question
Journalize the entries to record the following transactions for Wilderness Resorts Inc. Refer to the Chart of Accounts for exact wording of account titles. Jan.
Journalize the entries to record the following transactions for Wilderness Resorts Inc. Refer to the Chart of Accounts for exact wording of account titles.
| Jan. | 31 | Reacquired 21,700 shares of its common stock at $32 per share. |
| Apr. | 20 | Sold 11,400 of the reacquired shares at $41 per share. |
| Oct. | 4 | Sold the remaining shares at $27 per share. |
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Cost Accounting A Managerial Emphasis Revised
Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger
1st Australian Edition
1442554770, 978-1442554771
