Question
Shamrock Inc. has outstanding 13,100 shares of $10 par value common stock. On July 1, 2020, Shamrock reacquired 113 shares at $88 per share. On
Shamrock Inc. has outstanding 13,100 shares of $10 par value common stock. On July 1, 2020, Shamrock reacquired 113 shares at $88 per share. On September 1, Shamrock reissued 62 shares at $94 per share. On November 1, Shamrock reissued 51 shares at $86 per share. Prepare Shamrocks journal entries to record these transactions using 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 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date 7/1/209/1/2011/1/20 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
11/1/20
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