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Maria Company originally issued 37,500 shares of $5 par common stock for $294,000 on January 3, 2020. Maria purchased 2,000 shares of treasury stock for
Maria Company originally issued 37,500 shares of $5 par common stock for $294,000 on January 3, 2020. Maria purchased 2,000 shares of treasury stock for $20,000 on November 2, 2020. On December 6, 2020, 510 shares of the treasury stock are sold for $7,450.
Prepare journal entries to record these stock transactions.
Your answer has been saved. See score details after the due date. Maria Company originally issued 37,500 shares of $5 par common stock for $294,000 on January 3,2020 . Maria purchased 2,000 shares of treasury stock for $20,000 on November 2, 2020. On December 6, 2020, 510 shares of the treasury stock are sold for $7,450. Prepare journal entries to record these stock transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)Step by Step Solution
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