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    jconner73's Avatar
    jconner73 Posts: 1, Reputation: 1
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    #1

    Jan 25, 2010, 07:56 PM
    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.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jan 26, 2010, 06:54 PM

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