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Requirements 1. Journalize these transactions. Explanations are not required 2. How will Bargain Basement Furniture, Inc. report treasury stock on its balance sheet as of
Requirements 1. Journalize these transactions. Explanations are not required 2. How will Bargain Basement Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Dec 1: Purchased 1,700 shares of the company's $1 par value common stock as treasury stock, paying cash of per share Date Accounts Debit More Info Dec. 15 Sold 500 shares of the treasury stock for cash of 80 per share Date Accounts Debit 1 Purchased 1.700 shares of the company's 1 par value common socks treasury stock paying cash of per share 15 Sold 500 shares of the r o ck for cash of operare 20 Sold 900 shares of the sury stock for cash of 51 perware. Assume the balance in Pardin Capital from Treasury Stock Transactions on December 20 is $2,000) Doc. 15 Print Done Stock Ch December 2013 S2000 Dec. 20 Sold 900 shares of the treasury stock for cash of $1 per share. (Assume the balance in Paid-in Capital From Date Accounts Debit Dec. 20 Requirement 2. How will Bargain Basement Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? above paid-in capital above retained earnings as part of paid-in capital beneath retained earnings Requirement 2. How will Bargain Basement Furniture, Inc. sheet as of December 31, 2018? Bargain Basement Furniture, Inc. will report treasury stock on the balance sheet as to total stockholders' equity. Choose from any list or enter any number in the input fields and then continue to the next
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