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BACK Exercise13-8 Rinehart Corporation purchased from its stockholders 4,900 shares of its own previously issued stock...
Exercise 11-7 Skysong, Inc. purchased from its stockholders 5,600 shares of its own previously issued stock...
Exercise 11-7 Skysong, Inc. purchased from its stockholders 5,600 shares of its own previously issued stock for $291,200. It later resold 1,825 shares for $55 per share, then 1,825 more shares for $50 per share, and finally 1,950 shares for $44 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select...
Sheffield Corp. purchased from its stockholders 5,200 shares of its own previously issued stock for $249,600....
Sheffield Corp. purchased from its stockholders 5,200 shares of its own previously issued stock for $249,600. It later resold 1,900 shares for $51 per share, then 1,900 more shares for $46 per share, and finally 1,400 shares for $40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
Your answer is partially correct. Try again. Rinehart Corporation purchased from its stockholders 5,000 shares of...
Your answer is partially correct. Try again. Rinehart Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $240,000. It later resold 1,950 shares for $51 per share, then 1,950 more shares for $46 per share, and finally 1,100 shares for $40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account...
Current Attempt in Progress - / 100 iii Martinez Corporation purchased from its stockholders 5,000 shares...
Current Attempt in Progress - / 100 iii Martinez Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $260,000. It later resold 2,100 shares for $55 per share, then 2,100 more shares for $50 per share, and finally 800 shares for $44 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically Indented when amount is entered. Do not indent manually...
Exercise 13-03 Flint Corporation purchased from its stockholders 5,200 shares of its own previous Mock for...
Exercise 13-03 Flint Corporation purchased from its stockholders 5,200 shares of its own previous Mock for $254,800. tater resold 1.825 shares for 52 per share, then 1.825 more shares for $47 per share, and finally 1.550 shares for $41 per share. Prepare your entries for the purchase of the treasury stack and the three wes of treasury stock (Cred account we are automatically indented when amount is entered. De not indent manually (to record purchase from stockholders) (To record sales...
On February 1, Rinehart Company purchased 340 shares (2% ownership of Givens Company common stock for...
On February 1, Rinehart Company purchased 340 shares (2% ownership of Givens Company common stock for $32 per share on March 20, Rinehart Company sold 6 shares of Givens stock for $1,972. Rinehart received a dividend of $3.00 per share on April 25. On June 15, Rinehart sold 136 shares of Givens stock for $5,168. On July 28, Rinehart received a dividend of $1.00 per share. Prepare the journal entries to record the transactions described above. (Credit account titles are...
Novak Corporation purchased from its stockholders S. finally 1.950 shares for $40 per here O shares...
Novak Corporation purchased from its stockholders S. finally 1.950 shares for $40 per here O shares of its own previously s t ock for 1283,200. erre 1.975 were 51 , 1.975 shares 146 per here, and Prepare journal entries for the purchase of the treasury stock and the three sales of treasury wack Cred countles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record purchase from stockholders) (to record les...
Exercise 12-6 On February 1, Rinehart Company purchased 580 shares (2% ownership of Givens Company common...
Exercise 12-6 On February 1, Rinehart Company purchased 580 shares (2% ownership of Givens Company common stock for $32 per share. On March 20, Rinehart Company sold 116 shares of Givens stock for $3,364. Rinehart received a dividend of $2.00 per share on April 25. On June 15, Rinehart sold 232 shares of Givens stock for $8,816. On July 28, Rinehart received a dividend of $1.00 per share. Prepare the journal entries to record the transactions described above. (Credit account...
The stockholders’ equity section of Pina Colada Corp. consists of common stock ($10 par) $2,280,000 and...
The stockholders’ equity section of Pina Colada Corp. consists
of common stock ($10 par) $2,280,000 and retained earnings
$595,000. A 10% stock dividend (22,800 shares) is declared when the
market price per share is $15. Show the before-and-after effects of
the dividend on the following.
(a)
The components of stockholders’ equity.
(b)
Shares outstanding.
(c)
Par value per share.
Before
Dividend
After
Dividend
Stockholders’ equity
$
$
Outstanding shares
Par value per share
$
$
Exercise 11-7
Sunland Company purchased...
Sarasota Corporation purchased 3,500 shares of its $12 par value common stock for $234,500 on August...
Sarasota Corporation purchased 3,500 shares of its $12 par value common stock for $234,500 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,100 shares of treasury stock for cash at $73 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Exercise 11-7 Skysong, Inc. purchased from its stockholders 5,600 shares of its own previously issued stock for $291,200. It later resold 1,825 shares for $55 per share, then 1,825 more shares for $50 per share, and finally 1,950 shares for $44 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select...
Sheffield Corp. purchased from its stockholders 5,200 shares of its own previously issued stock for $249,600. It later resold 1,900 shares for $51 per share, then 1,900 more shares for $46 per share, and finally 1,400 shares for $40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
Current Attempt in Progress - / 100 iii Martinez Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $260,000. It later resold 2,100 shares for $55 per share, then 2,100 more shares for $50 per share, and finally 800 shares for $44 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically Indented when amount is entered. Do not indent manually...
Exercise 13-03 Flint Corporation purchased from its stockholders 5,200 shares of its own previous Mock for $254,800. tater resold 1.825 shares for 52 per share, then 1.825 more shares for $47 per share, and finally 1.550 shares for $41 per share. Prepare your entries for the purchase of the treasury stack and the three wes of treasury stock (Cred account we are automatically indented when amount is entered. De not indent manually (to record purchase from stockholders) (To record sales...
On February 1, Rinehart Company purchased 340 shares (2% ownership of Givens Company common stock for $32 per share on March 20, Rinehart Company sold 6 shares of Givens stock for $1,972. Rinehart received a dividend of $3.00 per share on April 25. On June 15, Rinehart sold 136 shares of Givens stock for $5,168. On July 28, Rinehart received a dividend of $1.00 per share. Prepare the journal entries to record the transactions described above. (Credit account titles are...
Novak Corporation purchased from its stockholders S. finally 1.950 shares for $40 per here O shares of its own previously s t ock for 1283,200. erre 1.975 were 51 , 1.975 shares 146 per here, and Prepare journal entries for the purchase of the treasury stock and the three sales of treasury wack Cred countles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record purchase from stockholders) (to record les...
Exercise 12-6 On February 1, Rinehart Company purchased 580 shares (2% ownership of Givens Company common stock for $32 per share. On March 20, Rinehart Company sold 116 shares of Givens stock for $3,364. Rinehart received a dividend of $2.00 per share on April 25. On June 15, Rinehart sold 232 shares of Givens stock for $8,816. On July 28, Rinehart received a dividend of $1.00 per share. Prepare the journal entries to record the transactions described above. (Credit account...
The stockholders’ equity section of Pina Colada Corp. consists
of common stock ($10 par) $2,280,000 and retained earnings
$595,000. A 10% stock dividend (22,800 shares) is declared when the
market price per share is $15. Show the before-and-after effects of
the dividend on the following.
(a)
The components of stockholders’ equity.
(b)
Shares outstanding.
(c)
Par value per share.
Before
Dividend
After
Dividend
Stockholders’ equity
$
$
Outstanding shares
Par value per share
$
$
Exercise 11-7
Sunland Company purchased...
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