Problem 15 2 (Part Level Submission) Bonita Company had the following stockholders' equity as of January 1, 2017 Common stock, $5 par value, 18,400 shares issued $92,000 Paid in capital in excess of par common stock 303,000 Retained earnings 318,000 Total stockholders' equity $713,000 During 2017, the following transactions occurred Feb 1 Bonita repurchased 2,100 shares of treasury stock at a price of $17 per share Mar 1 880 shares of treasury stock repurchased above were reissued at $15 per share Mar 18 480 shares of treasury stock repurchased above were reissued at $14 per share Apr 22 610 shares of treasury stock repurchased above were reissued at $20 per share (a) Prepare the journal entries to record the treasury stock transactions in 2017, assuming Bonita uses the cost method (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Account Titles and Explanation Date Debit Credit

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Problem 15 2 (Part Level Submission) Bonita Company had the following stockholders' equity as of January 1, 2017  Common stock, $5 par value, 18,400 shares issued $92,000 Paid in capital in excess of par common stock 303,000 Retained earnings 318,000 Total stockholders' equity $713,000 During 2017, the following transactions occurred Feb  1 Bonita repurchased 2,100 shares of treasury stock at a price of $17 per share  Mar  1 880 shares of treasury stock repurchased above were reissued at $15 per share  Mar  18 480 shares of treasury stock repurchased above were reissued at $14 per share  Apr  22 610 shares of treasury stock repurchased above were reissued at $20 per share  (a) Prepare the journal entries to record the treasury stock transactions in 2017, assuming Bonita uses the cost method  (Credit account titles are automatically indented when amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account titles and enter 0 for the amounts ) Account Titles and Explanation Date Debit Credit

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Problem 15-2 (Part Level Submission) Bonita Company had the following stockholders' equity as of January 1, 2017. Common stock, $5 par value, 18,400 shares issued

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