Question
Journalize the following transactions that Vast Corp. conducted during 2020: Feb. 7 Issued 14,000 common shares at $22.00 per share. Apr. 8 Repurchased 2,900 common
Journalize the following transactions that Vast Corp. conducted during 2020: Feb. 7 Issued 14,000 common shares at $22.00 per share. Apr. 8 Repurchased 2,900 common shares at $19.00 per share. The average issue price of these shares was $20.00. Jun. 2 Repurchased 2,400 common shares at $22.00 per share. The average issue price of the shares was $20.00. Feb. 19. Issued 14,000 common shares at $22.00 per share. (Record debits first, then credits. Explanations are not required.) Date Feb. 7 Journal Entry Accounts Debit Credit Apr. 8. Repurchased 2,900 common shares at $19.00 per share. The average issue price of these shares was $20.00. Date Apr. 8 Journal Entry Accounts Debit Credit Jun. 2. Repurchased 2,400 common shares at $22.00 per share. The average issue price of the shares was $20.00. Journal Entry Date Jun. 2 Accounts Debit Credit
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Managerial Accounting
Authors: Susan V Crosson, Belverd E Needles
9th Edition
0538742801, 9780538742801
