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Please provide all the calculations for all the numbers in Dec 6. 3-6. Yount Company originally issued 30,000 ordinary shares with a $5 par for
Please provide all the calculations for all the numbers in Dec 6.
3-6. Yount Company originally issued 30,000 ordinary shares with a $5 par for $180,000 on January 3, 2020. Yount purchased 1,500 treasury shares for $12,000 on November 2, 2020. On December 6, 2020, 600 treasury shares are sold for $6,000. Instructions Prepare journal entries to record these share transactions. 3-6 Jan. 3 180,000 Cash......... Share Capital-Ordinary.. Share Premium-Ordinary. 150,000 (30,00 30,000 Nov. 2 Treasury Shares..... Cash........ 12,000 12,000 Dec. 6 6,000 Cash........... Treasury Shares... Share Premium-Treasury...... 4,800 1,200Step by Step Solution
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