Question
The following information is given to you relating to the stock transactions of John's Fishing Company Sept. 5 Purchased 20,000 shares of their own $1
The following information is given to you relating to the stock transactions of John's Fishing Company
Sept. 5 Purchased 20,000 shares of their own $1 par value common stock for cash at the current market price of $6 per share. These shares were originally issued at $5 per share.
12 Sold 8,000 shares of Treasury stock for $8 per share
18 Sold 6,000 shares of Treasury stock for $5 per share
Oct. 10 Retired 2,000 shares of Treasury Stock
Journalize the transactions for John's Fishing Company.
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Accounting
Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie
10th Edition
9780730363224
