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PLEASE SHOW YOUR WORK, THANK YOU!! Winters Company has 400,000 shares of $2 par value common stock outstanding, and a balance in retained earnings of
PLEASE SHOW YOUR WORK, THANK YOU!!
Winters Company has 400,000 shares of $2 par value common stock outstanding, and a balance in retained earnings of $250,000. Prepare the journal entries for the following transactions. (Don't worry about the formatting for your answer here on Canvas. Explain which accounts are debited/credited and for how much, and then show the journal entry in its proper format in the work you submit.) December 1, 2020: Winters Company buys back 1,000 of its own shares for a total of $4,500. February 1, 2021: Winters Company sells 500 of its treasury shares for $10 per share. April 1, 2021: Winters Company sells 300 shares of its treasury stock for $8 per share. June 1, 2021: Winters Company sells the remaining 200 shares of its treasury stock for $6 per shareStep by Step Solution
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