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Testbank Exercise 133 Marigold Corp.'s balance sheet reported the following: Capital stock outstanding, 5,000 shares, par $40 per share $200,000 Paid-in capital in excess of
Testbank Exercise 133 Marigold Corp.'s balance sheet reported the following: Capital stock outstanding, 5,000 shares, par $40 per share $200,000 Paid-in capital in excess of par 76,200 Retained earnings 105,600 The following transactions occurred this year: (a) Purchased 200 shares of capital stock to be held as treasury stock, paying $62 per share. (b) Sold 150 of the shares of treasury stock at $67 per share. (c) Sold the remaining shares of treasury stock at $55 per share. Prepare the journal entry for these transactions under the cost method of accounting for treasury stoc account tities are automatically indented when amount is entered. Do not indent manually. required, select "No Entry" for the account titles and enter o for the amounts.) Prepare the journal entry for these transactions under the cost method of accounting for treasury: account tities are automatically indented when amount is entered. Do not indent manua required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (a) (b) (0) Click if you would like to Show Work for this question: Open Show Work
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