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show steps Current Attempt In Progress Monty Company had the following stockholders equity as of January 1, 2020. Common stock, $5 par value, 18.700 shares
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Current Attempt In Progress Monty Company had the following stockholders equity as of January 1, 2020. Common stock, $5 par value, 18.700 shares issued 593,500 Paid-in capitalin excess of ar-common stock 301.000 Retained earnings 323,000 Total stockholders' equity $717,500 During 2020, the following transactions occurred. Feb. 1 Monty repurchased 1,830 shares of treasury stock at a price of $19 per share. Mar. 1 740 shares of treasury stock repurchased above were reissued at $17 per share Mar. 18 490 shares of treasury stock repurchased above were reissued at $14 per share. Apr 22 530 shares of treasurystock resurchased above were reissued at $21 per share (a) Prepare the journal entries to record the treasury stock transactions in 2020, assuming Monty 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.) Date Account Titles and Explanation Debit Credit Mar. 1 Mar. 18 Prepare the journal entries to record the treasury stock transactions in 2020, assuming Monty uses the cost men 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) Debit Credit Date Account Titles and Explanation Mara Mar. 18 e Textbook and Media List of Accounts Attempts of seed Step by Step Solution
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