During 2020, Road Pavement Corp. engaged in the following selected transactions: Jan 01: Issued 25,000 shares of $3 par value common stock at $7 per share. Jun 15: Re-acquired 1,000 shares of common stock sold in Jan for $5 per share.
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During 2020, Road Pavement Corp. engaged in the following selected transactions:
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Jan 01: |
Issued 25,000 shares of $3 par value common stock at $7 per share.
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Jun 15: |
Re-acquired 1,000 shares of common stock sold in Jan for $5 per share.
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Aug 10: |
Sold 400 shares of the re-acquired common stock purchased in June for $8 per share.
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Sept 30: |
The Board of Directors declared and recorded a cash dividend of $0.30 per share outstanding to its share holders.
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Nov 30: |
Paid the cash dividend declared in September.
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Dec 15: |
Issued another 5,000 shares of common stock at $10 per share.
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Required: |
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(a) Record the
(b) Prepare the |
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