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Question 4 of 5 View Policies Current Attempt in Progress Crane Corporation had the following stockholders' equity accounts on January 1 , 2 0 2
Question of View Policies Current Attempt in Progress Crane Corporation had the following stockholders' equity accounts on January : Common Stock $ par $ Paidin Capital in Excess of ParCommon Stock $ and Retained Earnings $ In the company had the following treasury stock transactions. Mar. Purchased shares at $ per share. June Sold shares at $ per share. Sept. Sold shares at $ per share. Dec. Sold shares at $ per share. Crane Corporation uses the cost method of accounting for treasury stock. In the company reported net income of $ a Journalize the treasury stock transactions, and prepare the closing entry at December for net income. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List debit entry before credit entry. Date Account Titles and Explanation Debit Credi
Question of
View Policies
Current Attempt in Progress
Crane Corporation had the following stockholders' equity accounts on January : Common Stock $ par $ Paidin Capital in Excess of ParCommon Stock $ and Retained Earnings $ In the company had the following treasury stock transactions.
Mar. Purchased shares at $ per share.
June Sold shares at $ per share.
Sept. Sold shares at $ per share.
Dec. Sold shares at $ per share.
Crane Corporation uses the cost method of accounting for treasury stock. In the company reported net income of $
a
Journalize the treasury stock transactions, and prepare the closing entry at December for net income. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List debit entry before credit entry.
Date
Account Titles and Explanation
Debit
Credi
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