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Journalize the following transactions that Flip Corp. conducted during 2020: Feb 7 Issued 10,000 common shares at $15.00 per share. Apr. Jun. 8 Repurchased
Journalize the following transactions that Flip Corp. conducted during 2020: Feb 7 Issued 10,000 common shares at $15.00 per share. Apr. Jun. 8 Repurchased 2,500 common shares at $13.00 per share. The average issue price of these shares was $14.00. 2 Repurchased 2,000 common shares at $18.00 per share. The average issue price of the shares was $14.00 Feb. 19. Issued 10,000 common shares at $15.00 per share. (Record debits first, then credits. Explanations are not required.) Date Feb. 7 Journal Entry Accounts Debit Credit
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