Question
Sunland Company had these transactions during the current period. June 12 July 11 Nov. 28 Issued 83,500 shares of $1 par value common stock
Sunland Company had these transactions during the current period. June 12 July 11 Nov. 28 Issued 83,500 shares of $1 par value common stock for cash of $313.125. Issued 3,450 shares of $100 par value preferred stock for cash at $104 per share. Purchased 2.950 shares of treasury stock for $8,450. Prepare a tabular summary to record the Sunland Company transactions, include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset. Liability or Equity item that was reduced)
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Survey Of Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt
2nd Edition
1119594537, 978-1119594536
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