Enterprises issued 50,000 shares of $5 par value common stock at $13 per share. Prepare journal entries for the following transactions: 4/8/22: Heifitz Enterprises bought 80 shares of its own stock for $14 per share. 5/9/22: Heifitz Enterprises re-issued 25 shares for $16 per share. 9/5/22: Heifitz Enterprises re-issued 10 shares for $11 per share.
Enterprises issued 50,000 shares of $5 par value common stock at $13 per share. Prepare journal entries for the following transactions: 4/8/22: Heifitz Enterprises bought 80 shares of its own stock for $14 per share. 5/9/22: Heifitz Enterprises re-issued 25 shares for $16 per share. 9/5/22: Heifitz Enterprises re-issued 10 shares for $11 per share.
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10MC: A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the...
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Enterprises issued 50,000 shares of $5 par value common stock at $13 per share. Prepare
4/8/22: Heifitz Enterprises bought 80 shares of its own stock for $14 per share.
5/9/22: Heifitz Enterprises re-issued 25 shares for $16 per share.
9/5/22: Heifitz Enterprises re-issued 10 shares for $11 per share.
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