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On April 2a corporation purchased for cash 7,000 shares of its own $12 par common stock at $29 a share. It sold 4,000 of
Posted: Fri Jul 01, 2022 8:39 am
by answerhappygod
- On April 2a Corporation Purchased For Cash 7 000 Shares Of Its Own 12 Par Common Stock At 29 A Share It Sold 4 000 Of 1 (17.75 KiB) Viewed 26 times
On April 2a corporation purchased for cash 7,000 shares of its own $12 par common stock at $29 a share. It sold 4,000 of the treasury shares at $32 a share on June 10, The remaining 3,000 shares were sand on November 10 for $25 a share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank Apr. 2 b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank Jun, 10 Nov. 10