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Treasury stock transactions Journal Instructions November 2 3 , 5 , 1 0 0 of the reacquired shares were sold at $ 2 0 .
Treasury stock transactions
Journal
Instructions November of the reacquired shares were sold at $
Required:
a Journalize the transactions of January June and November Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
c What is the balance in PaidIn Capital from Sale of Treasury Stock on December of the current year?
b What is the balance in Treasury Stock on December of the current year?
d How will the balance in Treasury Stock be reported on the balance sheet?
Journal CNOW journals will automatically indent a credit entry when a credit amount is entered.
tablePAGE ACCOU,JNTING EQUATIONDATE,DESCRIPTION,tablePOSTREFDEBIT,CREDIT,ASSETS,LIABILITIMEQUITY
Final Questions
b What is the balance in PaidIn Capital from Sale of Treasury Stock on December of the current year?
c What is the balance in Treasury Stock on December of the current year?
$
d How will the balance in Treasury Stock be reported on the balance sheet?
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