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Shamrock Company had the following stockholders equity as of January 1 , 2 0 2 0 . Common stock, $ 1 par value, 1 1
Shamrock Company had the following stockholders equity as of January
Common stock, $ par value, shares issued $
Paidin capital in excess of parcommon stock
Retained earnings
Total stockholders equity $
During the following transactions occurred.
Feb. Shamrock repurchased shares of treasury stock at a price of $ per share.
Mar. shares of treasury stock repurchased above were reissued at $ per share.
Apr. shares of treasury stock repurchased above were reissued at $ per share.
May shares of treasury stock repurchased above were reissued at $ per share.
a
Your answer is partially correct.
Prepare the journal entries to record the treasury stock transactions in assuming Shamrock uses the cost method. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
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