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Problem 2 Prepare entries to record the following: SHOW YOUR WORK January 1, Issued 5,000 shares of $3 par common stock at $30. June 30,
Problem 2 Prepare entries to record the following: SHOW YOUR WORK
- January 1, Issued 5,000 shares of $3 par common stock at $30.
- June 30, Purchased 1000 shares of treasury stock at $25.
- August 1, Sold the 100 shares of treasury stock purchased in (b) at $40.
- December 31, declared a $25,000 dividend to be paid next year
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
