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Jun 15 Repurchased 20,000 shares of common stock at $10 per share. Oct 24 Sold 12,500 shares of treasury stock bought on June 15 for
Jun 15 Repurchased 20,000 shares of common stock at $10 per share.
Oct 24 Sold 12,500 shares of treasury stock bought on June 15 for $18 per share.
Use a financial statement effects template to record these transactions.
Harper Housewares Inc.'s statement of stockholders' equity on December 31, 2015 is as follows: 5% cumulative preferred stock, $20 par,100,000 shares authorized; $300,000 15,000 shares issued and outstanding; Common stock, $5 par, 500,000 share authorized; 385,000 77,000 shares issued and outstanding; 25,000 Paid-in capital in excess of par Preferred stock 2,245,000 Paid-in capital in excess of par Common stock 320,000 Retained earnings, $3.275.000 Total stockholders' equity The following transactions occurred during 2016: Feb 3 Issued 3,000 shares of preferred stock for $50 per share Apr 25 ssued 150,000 shares of common stock for $15 per shareStep by Step Solution
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