Homework Answers
Balance of Treasury stock= $ 58,500
Working
| No of shares | Price per share | Amount | |
| Treasury stock purchaed | 2600 | $ 30.00 | $ 78,000.00 |
| Stock resold | -650 | $ 30.00 | $ (19,500.00) |
| Ending balance of treasury stock | $ 58,500.00 |
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Elroy Corporation repurchased 2,600 shares of its own stock for $30 per share. The stock has...
Elroy Corporation repurchased 1,400 shares of its own stock for $50 per share. The stock has...
Elroy Corporation repurchased 1,400 shares of its own stock for $50 per share. The stock has a par of $20 per share. A month later Elroy resold 350 shares of the treasury stock for $58 per share. Required: What is the balance of the Treasury Stock account after these transactions are recognized? Balance of treasury stock Next 5 of 5 <Prev W tv
Exercise 11-12A Treasury stock transactions LO 11-5 Elroy Corporation repurchased 1,800 shares of its own stock...
Exercise 11-12A Treasury stock transactions LO 11-5 Elroy Corporation repurchased 1,800 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later, Elroy resold 450 shares of the treasury stock for $38 per share. Required a. Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the...
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Live NBA Streaming... Maintenance Conn. Connect - Sign In The GOAT. Let's gra. work 6 Saved Help Save & Exit Check my w Exercise 8-12 Treasury stock transactions LO 8.5 Elroy Corporation repurchased 2,300 shares of its own stock for $60 per share. The stock has a par of $15 per share. A month later Elroy resold 575 shares of the treasury stock for $68 per share. Required: What is the balance of the Treasury Stock account after these transactions...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2? Multiple Choice $5,050. $2,600. $100. $1,200. $0.
Styles LO 11-5 Exercise 11-128 Treasury stock transactions Earles Corporation repurchased 4,000 shares of its own...
Styles LO 11-5 Exercise 11-128 Treasury stock transactions Earles Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par value of $10 per share. A month later, Earles resold 2,500 shares of the treasury stock for $35 per share Required What is the balance of the treasury stock account after these transactions? Summary of Treasury Stock Account 1. 2. Accounting for stock dividends Exercise 11-15B LO 11-7 Egrett Corporation issued a 4 percent...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2
Knowledge Check 01 repurchased 1,000 shares of its stock for $25 per share. Prepare the appropriate...
Knowledge Check 01 repurchased 1,000 shares of its stock for $25 per share. Prepare the appropriate journal entry to record the repurchase of the shares, ( no entry is required for a transaction/event, select ly Milad Corporation issued 5,000 shares of $005 par value common stock for $10 per share. Today, the company No Journal Entry Required" in the first account field.) Journal entry worksheet Record the repurchase of 1,000 shares of its own stock for $25 per share. debits...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2? Multiple Choice O $5.050 O $2.600 O $100 o Ο $1,200. Ο Ο...
February 1, Jones repurchased 2,000 shares of treasury stock at a price of $18 per share. March...
February 1, Jones repurchased 2,000 shares of treasury stock at a price of $18 per share. March 1, 800 shares of treasury stock repurchased above were reissued at $17 per share. March 18, 500 shares of treasury stock repurchased above were reissued at $14 per share. April 22, 600 shares of treasury stock repurchased above were reissued at $20 per share. Instructions: Prepare the journal entries to record the treasury stock transactions in 2007, assuming Jones uses the cost method.
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? Debit Cash $2,300; credit Paid-in Capital, Treasury...
Elroy Corporation repurchased 1,400 shares of its own stock for $50 per share. The stock has a par of $20 per share. A month later Elroy resold 350 shares of the treasury stock for $58 per share. Required: What is the balance of the Treasury Stock account after these transactions are recognized? Balance of treasury stock Next 5 of 5 <Prev W tv
Exercise 11-12A Treasury stock transactions LO 11-5 Elroy Corporation repurchased 1,800 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later, Elroy resold 450 shares of the treasury stock for $38 per share. Required a. Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the...
Live NBA Streaming... Maintenance Conn. Connect - Sign In The GOAT. Let's gra. work 6 Saved Help Save & Exit Check my w Exercise 8-12 Treasury stock transactions LO 8.5 Elroy Corporation repurchased 2,300 shares of its own stock for $60 per share. The stock has a par of $15 per share. A month later Elroy resold 575 shares of the treasury stock for $68 per share. Required: What is the balance of the Treasury Stock account after these transactions...
Styles LO 11-5 Exercise 11-128 Treasury stock transactions Earles Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par value of $10 per share. A month later, Earles resold 2,500 shares of the treasury stock for $35 per share Required What is the balance of the treasury stock account after these transactions? Summary of Treasury Stock Account 1. 2. Accounting for stock dividends Exercise 11-15B LO 11-7 Egrett Corporation issued a 4 percent...
Knowledge Check 01 repurchased 1,000 shares of its stock for $25 per share. Prepare the appropriate journal entry to record the repurchase of the shares, ( no entry is required for a transaction/event, select ly Milad Corporation issued 5,000 shares of $005 par value common stock for $10 per share. Today, the company No Journal Entry Required" in the first account field.) Journal entry worksheet Record the repurchase of 1,000 shares of its own stock for $25 per share. debits...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2? Multiple Choice O $5.050 O $2.600 O $100 o Ο $1,200. Ο Ο...
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