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Part B During 2021, the Nicklaus Corporation participated in three treasury stock transactions: a. On June 30, 2021, the corporation reacquires 190,000 shares for the
Part B During 2021, the Nicklaus Corporation participated in three treasury stock transactions: a. On June 30, 2021, the corporation reacquires 190,000 shares for the treasury at a price of $17 per share. b. On July 31, 2021, 45,000 treasury shares are reissued at $20 per share. c. On September 30, 2021, 45,000 treasury shares are reissued at $15'per share. Required: 1. Prepare journal entries to record these transactions. 2. Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2021. (Assume net income for the second and third quarter was $2,950,000.) Complete this question by entering your answers in the tabs below. Required 1 Part A Required 2 Part A Required 1 Part B. Required 2 Part B. Required 1 Part Required 2 Part 6 Required 3 Part C Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X: 1 Record acquisition of treasury stock. 2. Record the reissuance of 45,000 treasury shares on July 31st. i 3 Record the reissuance of 45,000 treasury shares on September 30th, Credit Note: journal entry has been entered Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Part A Required 2 Part A Required 1 Part B Required 2 Part B Required 1 Part 0 Required 2 Part C Required 3 Part 6 Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2021. (Assume net income for the second and third quarter was $2,950,000.) NICKLAUS CORPORATION Balance Sheet - Shareholders' Equity Section September 30, 2021 Shareholders' equity Total shareholders' equity
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