Williams Pharmaceuticals issued 150 million shares of its $1 par common stock at $15 per share in
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Question:
Williams Pharmaceuticals issued 150 million shares of its $1 par common stock at $15 per share in 2014. They had the following transactions during 2014: Jun. 27: Williams Pharmaceuticals reacquired 10 million shares at $20 per share. Nov. 5: Williams Pharmaceuticals sold 2 million shares $21 per share. Prepare the appropriate journal entries to record each transaction.
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Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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