he company. W reflects the following balances in the shareholders' equity section as of July 1, 2019. Capital in common shares, issued and outstanding 20,000 shares, $ 10 par value $ 200,000 Contributed capital in excess of par value 20,000 Retained Earnings 120,000 W carried out the following transactions when acquiring some of its own shares: to. He acquired 2,000 shares at $ 15 / share. b. It issued 1,200 of the 2,000 shares acquired at $ 17 / share. c. It issued 750 of the 2,000 shares acquired at $ 10 / share. d. It canceled the certificates of the remaining 50 shares. Required: Prepare journal entries for transactions a through d above. Suppose they were done in chronological order and the cost method is used to account for portfolio stocks.
The company. W reflects the following balances in the shareholders' equity section as of July 1, 2019. Capital in common shares, issued and outstanding 20,000 shares, $ 10 par value $ 200,000 Contributed capital in excess of par value 20,000
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