Question
On January 1 st 2022, Thor Construction Company had the following partial balance sheet: Common stock 1,000,000 shares authorized $1 par $700,000 Additional paid in
On January 1st 2022, Thor Construction Company had the following partial balance sheet:
Common stock 1,000,000 shares authorized $1 par $700,000
Additional paid in capital common stock $6,300,000
Retained Earnings $8,000,000
During 2023 Thor had the following transactions:
January 19th, Required 200,000 shares at $11 per share (these shares are to be retired)
March 31st, Required 100,000 shares at $17 per share (these shares are to be retired)
October 31st Sold 90,000 shares at $22 per share
December 15th Declared a $1 per share dividend
December 30th paid the dividend declared on December 15th
REQUIRED: MAKE THE JOURNAL ENTRIES FOR THE 5 EVENTS IN 2023.
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