Question
Record the following journal entries for ABC, Inc. January, 1 st 2011: Issued 2,000 shares of $1 par value stock for $5 per share. April
Record the following journal entries for ABC, Inc.
January, 1st 2011: Issued 2,000 shares of $1 par value stock for $5 per share.
April 1st, 2011: Reacquired 1,000 shares of stock at $10 per share.
June 1st, 2011: Reissues 500 shares of stock at $12 per share.
August 1st, 2011: Declares a dividend of $1 per share.
September 1st, 2011: Pays dividend to shareholder
1 Which of the following journal entries records the issuances of shares on January 1st?
2 Which of the following journal entries records the reacquiring of shares on April 1st?
3. Which of the following journal entries records the reissuances of shares on June 1st?
4. Which of the following journal entries records the declaration of the dividend on August 1st?
5. Which of the following journal entries records the payment of the dividend on September 1st?
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