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please I just need answer for credit and debit for each letter Thank you ! Treasury Stock Coastal Corporation issued 25.000 shares of 514 par

please I just need answer for credit and debit for each letter Thank you ! image text in transcribed
image text in transcribed
Treasury Stock Coastal Corporation issued 25.000 shares of 514 par value common stock at $26 per share and 6.000 shares of $59 par value, eight percent preferred stock at $85 per share. Later, the company purchased 3,000 shares of its own common stock at $29 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares b. Assume that Coastal sold 2,000 shares of the treasury stock at 533 per share. Prepare the general journal entry to record the sale of this treasury stock C. Assume that Coastal sold the remaining 1,000 shares of treasury stock at 523 per share. Prepare the journal entry to record the sale of this treasury stock General Journal Debit Credit VENIL a. Cash Common Stock Paid-in-Capital in Excess of Par Value - Common Stock Issued common stock. Cash 8 Percent Preferred Stock Paid-in-Capital in Excess of Par Value - Preferred Stock Issued preferred stock. Treasury Stock - Common Cash Acquired common stock. Cash Treasury Stock - Common Paid-in-Capital from Treasury Stock Sold shares of treasury stock. Cash Paid-in-Capital from Treasury Stock Treasury Stock - Common Sold shares of treasury stock OOOOO OOO oo b. OOO 0

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