On January 1, 2015, ABC Company issued 150,000 shares of $2 par value common stock for $600,000. - On Feb 10, the compan
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- On January 1 2015 Abc Company Issued 150 000 Shares Of 2 Par Value Common Stock For 600 000 On Feb 10 The Compan 1 (21.23 KiB) Viewed 36 times
- On January 1 2015 Abc Company Issued 150 000 Shares Of 2 Par Value Common Stock For 600 000 On Feb 10 The Compan 2 (28.18 KiB) Viewed 36 times
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Question 5: On January 1, 2015, ABC Company issued 150,000 shares of $2 par value common stock for $600,000. On Feb 10, the company purchased 20,000 of its common stock for $10 per share for treasury. On April 4, ABC sold 6,000 of the treasury shares for $15 per share. On September 9, the remaining 14.000 treasury shares were sold for $7 per share. On November 1, ABC declared $0.25 per share cash dividends. - On December 12, the company paid the dividends. Required: Journalize the stock transactions of ABC Company in 2015. Date Debit Credit