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Just need some help on this and the parts to follow! I will rate! Many thanks and God bless!!! S13-6 (similar to) Question Help Cheap

image text in transcribedJust need some help on this and the parts to follow!

I will rate!

Many thanks and God bless!!!

S13-6 (similar to) Question Help Cheap Discount Furniture, Inc. completed the following treasury stock transactions in 2018: (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Cheap Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,500 shares of the company's $1 par value common stock as treasury stock, paying cash of $7 per share. Date Accounts Debit Credit Dec. 1 More Info - X Dec. 1 Dec. 15 Purchased 1,500 shares of the company's $1 par value common stock as treasury stock, paying cash of $7 per share. Sold 400 shares of the treasury stock for cash of $10 per share Sold 800 shares of the treasury stock for cash of $3 per share. (Assume the balance in Paid-In Capital from Treasury Stock Transactions on December 20 is $2,300.) Dec. 20 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 3 pemaining Clear All Check

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