3. On January 1, 2020, Wooden Company issued 16,000 shares of $2 par value common stock for $120,000. On March 1, 2020, the company purchased 2,000 shares of its common stock for $15 per share for the treasury. Instructions Journalize the stock transactions of Wooden Company in 2020.
3. On January 1, 2020, Wooden Company issued 16,000 shares of $2 par value common stock for $120,000. On March 1, 2020, the company purchased 2,000 shares of its common stock for $15 per share for the treasury. Instructions Journalize the stock transactions of Wooden Company in 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:3. On January 1, 2020, Wooden Company issued 16,000 shares of $2 par value common
stock for $120,000. On March 1, 2020, the company purchased 2,000 shares of its
common stock for $15 per share for the treasury.
Instructions
Journalize the stock transactions of Wooden Company in 2020.
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