Question
*Please show work/provide steps so I can better understand the material and learn from this. For example, if I need to subtract X from Y
*Please show work/provide steps so I can better understand the material and learn from this. For example, if I need to subtract X from Y to get Z as an answer please show that. This would really help me out with my studies. Thank you in advance!*
On January 23, 2019, Eagle Studios repurchased 275,000 shares of its outstanding common stock for $12 per share. On May 19, 2019, Eagle Studios sells 60,000 shares of its treasury stock for $27 per share. On November 1, 2019, Eagle Studios sells 100,500 shares of treasury stock for $8 per share.
1. Prepare the necessary journal entries for the above transactions. Each date is a separate journal entry. The first date should have a total of two accounts, the second date has a total of three accounts, and the third date has a total of three accounts in the entry.
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