NEED DATES! not a, b, c
A company has 10,000 shares of $10 par common stock outstanding. (a) Purchased 1,500 shares of treasury stock at $16. The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares. (b) Sold 1,000 shares of treasury stock at $19. (c) Purchased equipment for $80,000, paying $25,000 in cash and issuing 4,000 shares of common stock. (d) Sold 600 shares of treasury slock at $14. Required: Prepare entries to record the above transactions. Refer to the Chart of Accounts for exact wording of account tities. CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenuo 131 Notes Receivable 132 Interest Recelvable EXPENSES 141 Merchandise inventory 510 Cost of Merchandise Sold 145 Supplies 515 Credit Card Expense 151 Prepaid insurance Stio Salaries Expense 181 Land 531 Advertising Expense 191 Buildings 532 Delivery Expense 192 Accumulated Depreciation-Bulding 533 Rent Expense 193 Equipment 534 insurance Expense 194 Accumulated Depreciation-Equipment 535 Supplies Expense 536 Organizational Expenses LIABILITIES 561 Depreciation Expense-Bulding 210 Acoounts Payable 562 Depreciation Expense-Equipment 221 Noten Orughla 5on Mienalananaie Evnanua Chart of Accounts LIABILITIES 561 Depreciation Expense-Bulding 210 Accounts Payable 562 Deprociation Expense-Equipment 221 Notes Payable 590 Miscellaneous Expense 226 Interest Payable 710 Interest Expense 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable EQUITY 311 Prelerred Slock 312 Paid-In Capital in Excess of Par-Prederred Stock 321 Common Stock 322 Paid-In Capital in Excess of Par-Cormon Stock 323 Paid-In Capital in Excess of Stated Value-Common Stock 331 Treasury Stock 332. Paid-in Capital from Sale of Treasury Stock 336. Stock Dividends Distributable 340 Retained Eamings 351 Cash Dividends 352 Slock Dwidends Joumalize for the each transaction on December 31. Reler to the Chart of Accounts for exact wording of account hides