Unit 1 Lab--Principles of Accounting II Exercise 13-08 Bridgeport Corporation purchased from its stockholders 5,000 shares...
Unit 1 Lab--Principles of Accounting II
Exercise 13-08
Bridgeport Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $245,000. It later resold 2,075 shares for $52 per share, then 2,075 more shares for $47 per share, and finally 850 shares for $41 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.
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Unit 1 Lab--Principles of Accounting II
Exercise 13-08
Bridgeport Corporation purchased from its stockholders 5,000
shares...
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...
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 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...
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...
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"...
BACK Exercise13-8 Rinehart Corporation purchased from its stockholders 4,900 shares of its own previously issued stock...
BACK Exercise13-8 Rinehart Corporation purchased from its stockholders 4,900 shares of its own previously issued stock for $254,800. It later resold 1,625 shares for $55 per share, then 1,625 more shares for $50 per share, and finaly 1,650 shares for $44 per share Qutatien 12 Prepare jourmal 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 Titles and Explanation...
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...
Elroy Corporation repurchased 2,600 shares of its own stock for $30 per share. The stock has...
Elroy Corporation repurchased 2,600 shares of its own stock for $30 per share. The stock has a par of $20 per share. A month later Elroy resold 650 shares of the treasury stock for $38 per share. Required: What is the balance of the Treasury Stock account after these transactions are recognized? Balance of treasury stock
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 15-18 Teal Company reported the following amounts in the stockholders' equity section of its December...
Exercise 15-18 Teal Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock. 9%, $100 par (10,000 shares authorized. 1.900 shares issued) $190,000 Common stock, 55 par (98,000 shares authorized, 19.600 shares issued) 98,000 Additional paid-in capital 117,000 Retained earnings 470,000 Total $875,000 During 2020, Teal took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 59 per share dividend on preferred stock and a $2 per...
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...
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 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"...
BACK Exercise13-8 Rinehart Corporation purchased from its stockholders 4,900 shares of its own previously issued stock for $254,800. It later resold 1,625 shares for $55 per share, then 1,625 more shares for $50 per share, and finaly 1,650 shares for $44 per share Qutatien 12 Prepare jourmal 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 Titles and Explanation...
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...
Elroy Corporation repurchased 2,600 shares of its own stock for $30 per share. The stock has a par of $20 per share. A month later Elroy resold 650 shares of the treasury stock for $38 per share. Required: What is the balance of the Treasury Stock account after these transactions are recognized? Balance of treasury stock
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 15-18 Teal Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock. 9%, $100 par (10,000 shares authorized. 1.900 shares issued) $190,000 Common stock, 55 par (98,000 shares authorized, 19.600 shares issued) 98,000 Additional paid-in capital 117,000 Retained earnings 470,000 Total $875,000 During 2020, Teal took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 59 per share dividend on preferred stock and a $2 per...
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