At December 31, 2020, the balance sheet of Meca International included the following shareholders' equity accounts:...

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At December 31, 2020, the balance sheet of Meca International included the following shareholders equity accounts: Sharehold

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Answer 1

Answer #1

	General Journal	Debit	Credit
February 12,2021	Treasury stock	20
	Cash		20

June 09,2022	Treasury stock	34		=17*2
	Cash		34

May 25,2023	Cash	46		=2*23
	Treasury stock		36	=(20+34)*2/3
	Paid-in capital—share repurchase		10

May 25,2023	Cash	46		=2*23
	Treasury stock		37	=(120)+(117)
	Paid-in capital—share repurchase		9

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Answer 2

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