Type here to search SHIBA Question 11 of 13 < -15 1 Current Attempt in Progress Sheffield Corporation had the following

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Type here to search SHIBA Question 11 of 13 < -15 1 Current Attempt in Progress Sheffield Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($4 par) $440,000, Paid in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 5,500 shares at $9 per share June 1 Sold 1,000 shares at $12 per share Sept. 1 Sold 1,000 shares at $11 per share Dec. 1 Sold 1,000 shares at $7 per share Sheffield Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $30,000 Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2022, for net income, st all detit entries before credit entries. Record journal entries in the order presented in the problem Credit account titles one outomatically indented when amount is entered. Do not indent manually) Debit Credit nate Account Titles and Explanation 69″'F OOE
Type here to search Question 11 of 13 -15 1 (a) Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2022, for net income. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit O ii C 69°F t
S AC116 Unit 7 Lab Assignment Type here to search Question 11 of 13 < eTextbook and Media List of Accounts O O XX > G J aunquestion/10 1800 G -/5 = 1 aut C
Question 11 of 13 < > -15 E (b) Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Paid-in Capital from Treasury Stock Treasury Stock
Question 11 of 13 < e Textbook and Media List of Accounts a Treasury Stock Retained Earnings Ba 69°F -15 E
1 Type here to search Question 11 of 13 < -15 E I (c) Prepare the stockholders' equity section for Sheffield Corporation at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question) SHEFFIELD CORPORATION Balance Sheet (Partial) 69°F O i NG
2Ton bere to search a Question 11 of 13 > O i E M 15 E JUL 69°F ADU