Ask Experts Questions for FREE Help !
Ask
    jsmithy's Avatar
    jsmithy Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 3, 2009, 07:25 PM
    repurchase of company common stock
    journal entry for the following:

    company bought back 1,000 shares of common stock with $5.00 par value for $11,000.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Jun 4, 2009, 01:12 AM

    Please see the guidelines for posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Common stock repurchase and redemption [ 2 Answers ]

Hello, Is any difference between common stock repurchase by the company and common stock redemption by the company? Pleaes explain me. Niraj Shah Sr. Analyst

DIVIDENT POLICY: what is stock divident, stock split n stock repurchase? [ 4 Answers ]

DIVIDENT POLICY: What is stock divident, stock split n stock repurchase?? Send it with appropriate notes

Law Regarding Collection on Sale of Common Stock at Private Company [ 8 Answers ]

Hello Our company is private and was bought out in the spring of 07. At that time, I was granted the ability to exercise some incentive stock options.. I did so as the new owner made an offer to buy them from me. I was sent a Notice of Exercising Stock Options form, for which I selected an...

Stock Repurchase [ 3 Answers ]

If the shareholders of a small corp (less than $1 MM in sales) want to take out excess capital, can they do it as a stock repurchase by the Corporation at par (same price as issue price) ? Any tax rules and regulations that need to be taken care of ?Thanks.

Adjusting entries for common stock and preferred stock. [ 1 Answers ]

This is a question off my problem. I am hoping that someone can help. The corporation has stocks of preferred stock with a number of shares of 400 that cost $6,000 and common stock of shares for 300 that cost $9,000. The common stock has purchases on march 30 of 25 shares for the cost of $950 and...

View more questions Search