Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 79,000 shares of its common stock at $8 per share. On August 3, Buzz Off sold 53,000 of the reacquired shares at $11 per share. On November 14, Buzz Off sold the remaining shares at $6 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Treasury Stock  fill in the blank 2 fill in the blank 3   Cash  fill in the blank 5 fill in the blank 6 Aug. 3 Cash  fill in the blank 8 fill in the blank 9   Treasury Stock  fill in the blank 11 fill in the blank 12   Paid-In Capital from Sale of Treasury Stock  fill in the blank 14 fill in the blank 15 Nov. 14 Cash  fill in the blank 17 fill in the blank 18   Paid-In Capital from Sale of Treasury Stock  fill in the blank 20 fill in the blank 21   Treasury Stock  fill in the blank 23 fill in the blank 24

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Q: Entries for Stock Dividends Vienna Corporation has 33,000 shares of $60 par common stock…

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Q: On May 10, Marigold Corp. issues 1,700 shares of $5 par value common stock for cash at $11 per…

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Q: On April 1, 12,000 shares of $6 par common stock were issued at $23, and on April 7, 3,000 shares of…

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Q: Monty Inc. issues 4,550 shares of $100 par value preferred stock for cash at $140 per share.…

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Q: On July 1, Novak Corporation purchases 570 shares of its $5 par value common stock for the treasury…

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Q: On July 1, Sage Hill Inc. purchases 600 shares of its $5 par value common stock for the treasury at…

A: Total cash paid = No. of shares purchases x Price per share = 600*$8 = $4,800

Q: On 2/1, Curly's Hair Supply purchased 11,000 shares of treasury stock at $4 per share. On 11/1,…

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Q: On May 10, Whispering Winds Corporation issues 2,950 shares of $10 par value common stock for cash…

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Q: On June 1, Marin Inc. issues 3,400 shares of no-par common stock at a cash price of $9 per share.…

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Q: On July 1, Blue Spruce Corporation purchases 460 shares of its $5 par value common stock for the…

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Q: Pro-Builders Corporation has 242,000 shares of $30 par common stock outstanding. On September 2,…

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Q: On January 31, Wilderness Resorts Inc. reacquired 24,300 shares of its common stock at $31 per…

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Q: Larkspur Inc. issues 7,600 shares of $100 par value preferred stock for cash at $104 per share.…

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Q: Entries for stock dividends Madrid Corporation has 23,000 shares of $70 par common stock…

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Q: On July 1, Martinez Corporation purchases 550 shares of its $5 par value common stock for the…

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Q: On April 1, 10,000 shares of $7 par common stock were issued at $24, and on April 7, 6,000 shares of…

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Q: On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per…

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Q: Madrid Corporation has 25,000 shares of $80 par common stock outstanding. On August 2, Madrid…

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Q: Instructions On January 31, Wilderness Resorts Inc. reacquired 23,900 shares of its common stock at…

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.