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  • Jan 25, 2010, 07:56 PM
    jconner73
    Journal entries
    Prepare journal entries to record each transaction:
    Jan 12 Issued 5,000 shares of $1 par common stock for $50,000 cash.
    Feb 3 Purchased 3,000 shares of $1 par common stock into treasury for $27,000 cash.
    Mar 4 Reissued 2,000 shares of treasury stock for $20,000 cash.
    Aug 5 Reissued 600 shares of treasury stock for $5,400 cash.
    Sept 15 Declared (but did not pay) a $2 cash dividend on each outstanding share of common stock.
  • Jan 26, 2010, 06:54 PM
    morgaine300

    Please see the guidelines for posting homework problems:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

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