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4. Lexington Co. engaged in the following common stock transactions during the year 2021. Prepare journal entries to rec

Posted: Sun Jun 05, 2022 5:01 pm
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4 Lexington Co Engaged In The Following Common Stock Transactions During The Year 2021 Prepare Journal Entries To Rec 1
4 Lexington Co Engaged In The Following Common Stock Transactions During The Year 2021 Prepare Journal Entries To Rec 1 (12.78 KiB) Viewed 52 times
4. Lexington Co. engaged in the following common stock transactions during the year 2021. Prepare journal entries to record these transactions; a. Issued 10,000 shares of $100 par value common stock at 102. (5 points) b. Purchased for cash 2,000 shares of treasury stock at a price of $105 per share. (5 points) c. Reissued for cash 1,000 shares of treasury stock at a price of $103 per share. (5 points) 5. Prepare a Statement of Cash Flow (SCE)