Tamarisk, Inc. had the following stockholders’ equity accounts on January 1, 2019: Common Stock ($5 par)...
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Homework Answers
Journal entry
| Date | General journal | Debit | Credit |
| Mar 1 | Treasury Stock (6920*8) | 55360 | |
| Cash | 55360 | ||
| June 1 | Cash (1220*12) | 14640 | |
| Treasury stock (1220*8) | 9760 | ||
| Paid in capital from sale of treasury stock | 4880 | ||
| Sep 1 | Cash (1310*11) | 14410 | |
| Treasury stock (1310*8) | 10480 | ||
| Paid in capital from sale of treasury stock | 3930 | ||
| Dec 1 | Cash (1080*6) | 6480 | |
| Paid in capital from sale of treasury stock | 2160 | ||
| Treasury stock (1080*8) | 8640 | ||
| Dec 31 | Income summary | 29090 | |
| Retained earnings | 29090 | ||
| (To close net income) | |||
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Tamarisk, Inc. had the following stockholders’ equity accounts on January 1, 2019: Common Stock ($5 par)...
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Fechter Corporation had the following stockholders’ equity accounts on January 1, 2017: Common Stock ($5 par)...
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Fechter Corporation had the following stockholders' equity accounts on January 1, 2017
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