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![Credit Remarks [Per share price = $78,000 / 6,500 = $12] $78,000 Date General Journal Debit May. 3 Treasury Stock $78,000 Cas](http://img.homeworklib.com/questions/33156fb0-5d07-11ea-9986-33a12068a502.png?x-oss-process=image/resize,w_560)
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QS 13-15 Purchase and sale of treasury stock LO P3 On May 3, Zirbal Corporation purchased...
On May 3, Zirbal Corporation purchased 5,500 shares of its own stock for $55,000 cash. On...
On May 3, Zirbal Corporation purchased 5,500 shares of its own stock for $55,000 cash. On November 4, Zirbal reissued 900 shares of this treasury stock for $9.900. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock Journal entry worksheet Print References Record the purchase of 5,500 shares of its own stock for $55,000 cash. Note: Enter deres before credits Date General Journal Debit Credit May 03 Journal entry worksheet Record...
On May 3, Zirbal Corporation purchased 8,500 shares of its own stock for $93,500 cash. On...
On May 3, Zirbal Corporation purchased 8,500 shares of its own stock for $93,500 cash. On November 4, Zirbal reissued 1,750 shares of this treasury stock for $21,000. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. View transaction list Journal entry worksheet Record the purchase of 8,500 shares of its own stock for $93,500 cash. Note: Enter debits before credits. General Journal Credit Date May 03 Debit 93,500 Treasury stock...
On May 3, Zibal Corporation purchased 3.000 shares of its own stock for $30,000 cash On...
On May 3, Zibal Corporation purchased 3.000 shares of its own stock for $30,000 cash On November 4, Zibal rescued 200 shares of this treasury stock for $13.200. Prepare the May 3 and November 4 journal entries to record Zibal's purchase and reissuance of treasury stock View bransaction list Journal entry worksheet Record the purchase of 3.000 shares of its own stock for $30.000 cash Note: Enter debts before credite Debit Credit General Journal Record Journal entry worksheet Record the...
Exercise 11-12 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity...
Exercise 11-12 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 86,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings 860,000 286,000 976,000 $2,122,000 Total stockholders equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,400 shares of its own common stock at $39 per share on October 11 b. Sold...
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...
and how to solve for this? Exercise 11-10 Recording and reporting treasury stock transactions LO P3...
and how to solve for this?
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. points Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800.000 256.000 928,000 $1,984,000 Print 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity of Sherman System appear to Con stock-110 par value, 81.00 shares on stock Pald.in capital in excess of per value Retained earnings Total stockholders equity 1. Prepare journal entries to record the following transactions for Sher Sitems 6. Purchased 5,900 shares of its own common stock of 34 per share on October b. Sold 1225 treasury shares on November 1 for $40 cash per...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity of Sherman System appear to Con stock-110 par value, 81.00 shares on stock Pald.in capital in excess of per value Retained earnings Total stockholders equity 1. Prepare journal entries to record the following transactions for Sher Sitems 6. Purchased 5,900 shares of its own common stock of 34 per share on October b. Sold 1225 treasury shares on November 1 for $40 cash per...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 90,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 306,000 1,008,000 $2,214,000 Print 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,800 shares of its own common stock at $43 per share on October 11....
need help answering question, please answer all questions... thanks On October 10, the stockholders' equity of...
need help answering question, please answer all questions...
thanks
On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 92,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 920,000 316,000 1,024,000 $2,260,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,000 shares of its own common stock at $45 per share on October 11. b. Sold...
On May 3, Zirbal Corporation purchased 5,500 shares of its own stock for $55,000 cash. On November 4, Zirbal reissued 900 shares of this treasury stock for $9.900. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock Journal entry worksheet Print References Record the purchase of 5,500 shares of its own stock for $55,000 cash. Note: Enter deres before credits Date General Journal Debit Credit May 03 Journal entry worksheet Record...
On May 3, Zirbal Corporation purchased 8,500 shares of its own stock for $93,500 cash. On November 4, Zirbal reissued 1,750 shares of this treasury stock for $21,000. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. View transaction list Journal entry worksheet Record the purchase of 8,500 shares of its own stock for $93,500 cash. Note: Enter debits before credits. General Journal Credit Date May 03 Debit 93,500 Treasury stock...
On May 3, Zibal Corporation purchased 3.000 shares of its own stock for $30,000 cash On November 4, Zibal rescued 200 shares of this treasury stock for $13.200. Prepare the May 3 and November 4 journal entries to record Zibal's purchase and reissuance of treasury stock View bransaction list Journal entry worksheet Record the purchase of 3.000 shares of its own stock for $30.000 cash Note: Enter debts before credite Debit Credit General Journal Record Journal entry worksheet Record the...
Exercise 11-12 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows Common stock-$10 par value, 86,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings 860,000 286,000 976,000 $2,122,000 Total stockholders equity 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,400 shares of its own common stock at $39 per share on October 11 b. Sold...
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...
and how to solve for this?
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. points Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800.000 256.000 928,000 $1,984,000 Print 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity of Sherman System appear to Con stock-110 par value, 81.00 shares on stock Pald.in capital in excess of per value Retained earnings Total stockholders equity 1. Prepare journal entries to record the following transactions for Sher Sitems 6. Purchased 5,900 shares of its own common stock of 34 per share on October b. Sold 1225 treasury shares on November 1 for $40 cash per...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders equity of Sherman System appear to Con stock-110 par value, 81.00 shares on stock Pald.in capital in excess of per value Retained earnings Total stockholders equity 1. Prepare journal entries to record the following transactions for Sher Sitems 6. Purchased 5,900 shares of its own common stock of 34 per share on October b. Sold 1225 treasury shares on November 1 for $40 cash per...
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 90,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 306,000 1,008,000 $2,214,000 Print 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,800 shares of its own common stock at $43 per share on October 11....
need help answering question, please answer all questions...
thanks
On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 92,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 920,000 316,000 1,024,000 $2,260,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,000 shares of its own common stock at $45 per share on October 11. b. Sold...
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