Requirement 1. During 2011, Mirrin reacquired 21 million treasury shares for $6,256 million. Give the journal entry to record this transaction. On average, what did Mirrin pay per share repurchased? (Record debits first, then credits. Explanations are not required.) Date Accounts Debit Credit 2011 Requirement 2. Mirrin also issued some treasury shares as part of its employee stock option and investment plans. What was the cost of treasury shares issued in 2011? Select the formula and then enter the amounts to calculate the cost of the treasury shares issued as part of the employee stock option and investment plans in 2011. (Abbreviations used: TS = Treasury stock; Comp. - Compensation. Enter all amounts as positive numbers.) = Cost of TS issued Requirement 3. Suppose that on January 2, 2012, Mirrin used cash to reacquire 500.000 shares for $100 each and held them in the treasury. What is the new stockholders equity after the acquisition of treasury slock? Also prepare the journal entry. Begin by preparing the journal entry (Round your final answer to the nearest tenth of a million, X.X. Record debits first, then credits. Explanations are not required.) Data Accounts Debit Credit Jan 2, 2011 Next, select the formula to determine the new stockholders' equity after the acquisition and then enter the new stockholders' equity amount. (Round your final answer to the nearest tenth of a million, $X.X.) New stockholders' equity - 1- million Requirement 4. Suppose the 500,000 shares of treasury stock are sold for $110 per share. Prepare the journal entry. (Round to the nearest tenth of a million, X.X. Record debits first, then credits. Explanations are not required.) Date Accounts Debit Credit 2012 Requirement 5. Suppose the 500.000 shares of treasury stock are sold for $90 per share. Prepare the journal entry. (Round to the nearest tenth of a million, X.X. Record debits first, then credits. Explanations are not required.) Date Accounts Debit Credit 2012 Requirement 1. During 2011, Mirrin reacquired 21 million treasury shares for $6,256 million. Give the journal entry to record this transaction. On average, what did Mirrin pay per share repurchased? (Record debits first, then credits. Explanations are not required.) Date Accounts Debit Credit 2011 Requirement 2. Mirrin also issued some treasury shares as part of its employee stock option and investment plans. What was the cost of treasury shares issued in 2011? Select the formula and then enter the amounts to calculate the cost of the treasury shares issued as part of the employee stock option and investment plans in 2011. (Abbreviations used: TS = Treasury stock; Comp. - Compensation. Enter all amounts as positive numbers.) = Cost of TS issued Requirement 3. Suppose that on January 2, 2012, Mirrin used cash to reacquire 500.000 shares for $100 each and held them in the treasury. What is the new stockholders equity after the acquisition of treasury slock? Also prepare the journal entry. Begin by preparing the journal entry (Round your final answer to the nearest tenth of a million, X.X. Record debits first, then credits. Explanations are not required.) Data Accounts Debit Credit Jan 2, 2011 Next, select the formula to determine the new stockholders' equity after the acquisition and then enter the new stockholders' equity amount. (Round your final answer to the nearest tenth of a million, $X.X.) New stockholders' equity - 1- million Requirement 4. Suppose the 500,000 shares of treasury stock are sold for $110 per share. Prepare the journal entry. (Round to the nearest tenth of a million, X.X. Record debits first, then credits. Explanations are not required.) Date Accounts Debit Credit 2012 Requirement 5. Suppose the 500.000 shares of treasury stock are sold for $90 per share. Prepare the journal entry. (Round to the nearest tenth of a million, X.X. Record debits first, then credits. Explanations are not required.) Date Accounts Debit Credit 2012
