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The shareholders' equity section of the balance sheet of TNL Systems Incorporated Included the following accounts at December 3 1 , Prepare the shareholders' equity
The shareholders' equity section of the balance sheet of TNL Systems Incorporated Included the following accounts at December Prepare the shareholders' equity section of TNL Systems' balance sheet at December comparing the two approaches.
Assume all net income earned in was distributed to shareholders as cash dividends.
Complete this question by entering your answers in the tabs below.
Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are
viewed as treasury stock.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in
millions ie should be entered as
A Record the purchase of million shares at $ per share
assuming the shares are viewed as treasury stock.
B Record the sale of million shares at $ per share.
c Record the sale of million shares at $ per share. During TNL Systems reacquired shares of its common stock and later sold shares in two separate tra
entries for both the purchase and subsequent resale of the shares assuming the shares are a retired and
stock.
a On February TNL Systems purchased million shares at $ per share.
b On July the corporation sold million shares at $ per share.
c On November the corporation sold million shares at $ per share.
Prepare the shareholders' equity section of TNL Systems' balance sheet at December comparing
Assume all net income earned in was distributed to shareholders as cash dividends.
Complete this question by entering your answers in the tabs below.
Prepare the shareholders' equity section of TNL Systems' balance sheet at December comparing the two
approaches. Assume all net income earned in was distributed to shareholders as cash dividends.
Note: Enter your answers in millions ie should be entered as
:
Required:
During TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the
entries for both the purchase and subsequent resale of the shares assuming the shares are a retired and b viewed as treasury
stock.
a On February TNL Systems purchased million shares at $ per share.
b On July the corporation sold million shares at $ per share.
c On November the corporation sold million shares at $ per share.
Prepare the shareholders' equity section of TNL Systems' balance sheet at December comparing the two approaches.
Assume all net income earned in was distributed to shareholders as cash dividends.
Complete this question by entering your answers in the tabs below.
Stock
Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are
retired.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in
millions ie should be entered as
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