Current Attempt in Progress Blossom Corporation has outstanding 19,000 shares of $5 par value common stock. On August 1, 2025, Blossom reacquired 200 shares at $74 per share. On November 1, Blossom reissued the 150 shares at $64 per share. Blossom had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued for $45 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Date November 1, 2025 Debit Credit

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter13: Earnings Per Share (eps)
Section: Chapter Questions
Problem 1R: Ponce Towers, Inc., had 50,000 shares of common stock and 10,000 shares of 100 par value, 8%...
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Current Attempt in Progress
Blossom Corporation has outstanding 19,000 shares of $5 par value common stock. On August 1, 2025, Blossom
reacquired 200 shares at $74 per share. On November 1, Blossom reissued the 150 shares at $64 per share. Blossom had no previous
treasury stock transactions.
Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued
for $45 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do
not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date
November 1,
2025
Account Titles and Explanation
Debit
Credit
Transcribed Image Text:Current Attempt in Progress Blossom Corporation has outstanding 19,000 shares of $5 par value common stock. On August 1, 2025, Blossom reacquired 200 shares at $74 per share. On November 1, Blossom reissued the 150 shares at $64 per share. Blossom had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued for $45 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date November 1, 2025 Account Titles and Explanation Debit Credit
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