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The following excerpt is from an article reported in an online issue of Bloomberg Ford Motor Co. (F) said it will repurchase $4.0 billion of

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The following excerpt is from an article reported in an online issue of Bloomberg Ford Motor Co. (F) said it will repurchase $4.0 billion of its shares to reduce dilution from recent stock grants to executives. The par amount per share for Ford's common stock is $0.01. Paid-in capital-excess of par is $7.59 per share on average. The market price was $27.0. Required: 1. Suppose Ford reacquires 134.00 million shares through repurchase on the open market at $27.00 per share. Prepare the appropriate journal entry to record the purchase. Ford considers the shares it buys back to be treasury stock 2. Suppose Ford considers the shares it buys back to be retired rather than treated as treasury stock. Prepare the appropriate journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Suppose Ford reacquires 134.00 million shares through repurchase on the open market at $27.00 per share. Prepare the appropriate journal entry to record the purchase. Ford considers the shares it buys back to be treasury stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions and rounded to 2 decimal places (.e., 5,500,000 should be entered as 5.50).) Show less Complete this question by entering your answers in the tabs below. Required 1 Required 2 Suppose Ford reacquires 134.00 million shares through repurchase on the open mark journal entry to record the purchase. Ford considers the shares it buys back to be tre transaction/event, select "No journal entry required in the first account field. Enter places (i.e., 5,500,000 should be entered as 5.50).) View transaction list 1 Record the repurchase of shares accounted as treasury stock. Credit

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