72 OTHER Sonny Shade, Roni Rain, and Chloe Cloud form the Stormy Season partnership. Sonny has...
Exercise Kelly Company had outstanding 50,000 shares of $10 par value common stock, and had retained earnings of $ 800,000. The company reacquired 3,000 shares of its stock for cash at $40 per share. 1. Give the entry to record the reacquisition of the stock. 2. Give the entry to record the subsequent reissuance of 1,200 shares ofthis stock at $ 50 per share 3. Give the entry to record the subsequent reissuance of 800 shares of this stock at...
Autosaver 3 8 , Home View Insert Draw Page Layout Formulas Calibri (Body) 11 A A shop BLUE CA Data = Review = HW u Developer Wrap Text Gener Marge & Centers $ C D E F G Exercise F Gordon Company issued 10,000 shares of common stock for $ 1,120,000 cash. The common stock has a par value of $ 100 per share. Give the journal entry for the stock issuance. GENERAL JOURNAL POST REF. Date Account/Description Debit Credit...