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On April 2 a corporation purchased for cash 7,000 shares of its own $10 par common stock at $28 a share. It sold 4,000 of
On April 2 a corporation purchased for cash 7,000 shares of its own $10 par common stock at $28 a share. It sold 4,000 of the treasury shares at $31 a share on June 10. The remaining 3,000 shares were sold on November 10 for $24 a share.
a. Journalize the entries to record the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank
Apr. 2 | fill in the blank 3e1f9ffe6046fae_2 | fill in the blank 3e1f9ffe6046fae_3 | |
fill in the blank 3e1f9ffe6046fae_5 | fill in the blank 3e1f9ffe6046fae_6 |
b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank.
Jun. 10 | fill in the blank 688e2e057f8afba_2 | fill in the blank 688e2e057f8afba_3 | |
fill in the blank 688e2e057f8afba_5 | fill in the blank 688e2e057f8afba_6 | ||
fill in the blank 688e2e057f8afba_8 | fill in the blank 688e2e057f8afba_9 | ||
Nov. 10 | fill in the blank 688e2e057f8afba_11 | fill in the blank 688e2e057f8afba_12 | |
fill in the blank 688e2e057f8afba_14 | fill in the blank 688e2e057f8afba_15 | ||
fill in the blank 688e2e057f8afba_17 | fill in the blank 688e2e057f8afba_18 |
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