Question

Problem 13-02A a-c (Part Level Submission) Mar. I Purchased 5,500 shares at $9 per share. June 1 Sold 1,000 shares at $13 per share. Sept.1 Sold 1,000 shares at $i1 per share Dec. 1 Sold 1,500 shares at $7 per share Credit account tities are when amount is entered. Do not indent manually,) June 1 Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnin Pald-in Capltal from Treasury Stock 4000 une 1 Dec. 1 ▼ 2000 Sept. 1 ▼ 6000 Bal. Retained Earnings Stock Retained Earnings Retained Earnings Retained Earnings Clicis if you would llke to Show Work for this question: Open Show Work

Answer 1

Ayayai Corporation Date Debit Calculation Account Credit 1-Mar Treasury Stock -5500*9 49,500 Cash 49,500 -1000 13 1-Jun Cash 13,000 Treasury Stock 9,000 -1000 9 Paid in Capital from Sale of Treasury Stock 4,000 -1000*11 1-Sep Cash 11,000 Treasury Stock 9,000 -1000 9 Paid in Capital from Sale of Treasury Stock 2,000 -1500*7 1-Dec Cash 10,500 Paid in Capital from Sale of Treasury Stock 3,000 Treasury Stock 13,500 1500*9 31-Dec Income Summa 30,000 Retained Earnings 30,000

Ayayai Corporation T Accounts Date Debit Date Date Debit Date Date Debit Date Credit Credit Credit Common Stock Paid in Capital in Excess of Par Value-CS Retained Earnings p ba 120,000 Op ba500,000 Op ba $ 200,000 31-Dec 30,000 $ 500,000 $ 200,000 $150,000 Bal Bal Bal Treasury Stock 1-Mar $ 49,500 1-Jun$ 9,000 Paid in Capital from Sale of Treasury Stock 1-Jun $4,000 1-Sep 9,000 1-Sep $ 2,000 1-Dec $ 3,000 1-Dec $ 13,500 $ 18,000 $3,000 Bal Bal