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Knowledge Check 01 repurchased 1,000 shares of its stock for $25 per share. Prepare the appropriate...
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...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $30 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the sale...
Caltomia Surt Clothing Company Issues 1,000 shares of $1 par value common stock at $22 per...
Caltomia Surt Clothing Company Issues 1,000 shares of $1 par value common stock at $22 per share. Laler in the year, the company decides to repurchase 100 shares at a cost of $25 per share 1. Required indomation Record the purchase of treasury stock (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field) Vew transaction ist Journal entry worksheet > Record the purchase of treasury stock Note: Cnter debits before credits...
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions...
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares January 4, 2018: Repurchased and retired 2.38 million shares at $7.78 per share. Dune 25, 2e1s: Repurchased and retired 3.3 illion shares at $3.30 per share. Prior to the transactions, CCC's shareholders' equity included the following Common stock, 79.78 million shares at $3 par Paid-in capital excess of par Retained earnings 79,700,800 263,010,00 117,000,000 Required: Prepare the...
TB Problem 18-155 (Algo) Cal Cookie Company (CCC) has 100 million shares of $1 par common...
TB Problem 18-155 (Algo) Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares January 4, 2021: Repurchased and retired 2.40 million shares at $7.60 per share. June 25, 2021: Repurchased and retired 3.40 million shares at $3.40 per share. Prior to the transactions, CCC's shareholders' equity included the following: Common stock, 79.60 million shares at $1 par Paid in capital-excess of par Retained earnings $ 79,600,000...
Knowledge Check 01 Appaloosa Corporation had 100,000 shares of $2 par value common stock issued and outstanding. On Jan...
Knowledge Check 01 Appaloosa Corporation had 100,000 shares of $2 par value common stock issued and outstanding. On January 1, the company's board of directors declares a 50% stock dividend. The market price of the company's stock is $10 per share on January 1. Prepare the necessary journal entry for January 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No General Journal...
Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare...
Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet B C Record the issue of 5,000 shares of $14 par value common stock for $114,600 cash. Note: Enter debits...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
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 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...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $30 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the sale...
Caltomia Surt Clothing Company Issues 1,000 shares of $1 par value common stock at $22 per share. Laler in the year, the company decides to repurchase 100 shares at a cost of $25 per share 1. Required indomation Record the purchase of treasury stock (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field) Vew transaction ist Journal entry worksheet > Record the purchase of treasury stock Note: Cnter debits before credits...
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares January 4, 2018: Repurchased and retired 2.38 million shares at $7.78 per share. Dune 25, 2e1s: Repurchased and retired 3.3 illion shares at $3.30 per share. Prior to the transactions, CCC's shareholders' equity included the following Common stock, 79.78 million shares at $3 par Paid-in capital excess of par Retained earnings 79,700,800 263,010,00 117,000,000 Required: Prepare the...
TB Problem 18-155 (Algo) Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares January 4, 2021: Repurchased and retired 2.40 million shares at $7.60 per share. June 25, 2021: Repurchased and retired 3.40 million shares at $3.40 per share. Prior to the transactions, CCC's shareholders' equity included the following: Common stock, 79.60 million shares at $1 par Paid in capital-excess of par Retained earnings $ 79,600,000...
Knowledge Check 01 Appaloosa Corporation had 100,000 shares of $2 par value common stock issued and outstanding. On January 1, the company's board of directors declares a 50% stock dividend. The market price of the company's stock is $10 per share on January 1. Prepare the necessary journal entry for January 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No General Journal...
Rodriguez Corporation issues 5,000 shares of its common stock for $114,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2. The stock has neither par nor stated value. 3. The stock has a $7 stated value. View transaction list Journal entry worksheet B C Record the issue of 5,000 shares of $14 par value common stock for $114,600 cash. Note: Enter debits...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury...
California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Brief Exercise 10-8 Record purchase of treasury stock (LO10-4) Record the purchase of treasury stock. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of 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
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