Instructions On January 31, Wilderness Resorts Inc. reacquired 23,900 shares of its common stock at $31 per share. On April 20, Wilderness Resorts sold 14,000 of the reacquired shares at $40 per share. On October 4, Wilderness Resorts sold the remaining shares at $29 per share. Journalize the transactions of January 31, April 20, and October 4. Refer to the Chart of Accounts for exact wording of account titles. 25

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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## Instructions

On January 31, Wilderness Resorts Inc. reacquired 23,900 shares of its common stock at $31 per share. On April 20, Wilderness Resorts sold 14,000 of the reacquired shares at $40 per share. On October 4, Wilderness Resorts sold the remaining shares at $29 per share.

Journalize the transactions of January 31, April 20, and October 4. Refer to the Chart of Accounts for exact wording of account titles.

---

## Journal

| DATE       | DESCRIPTION             | POST. REF. | DEBIT   | CREDIT  | ASSET  |
|------------|--------------------------|------------|---------|---------|--------|
|            |                          |            |         |         |        |
|            |                          |            |         |         |        |
|            |                          |            |         |         |        |
|            |                          |            |         |         |        |
|            |                          |            |         |         |        |
|            |                          |            |         |         |        |
|            |                          |            |         |         |        |
|            |                          |            |         |         |        |
Transcribed Image Text:## Instructions On January 31, Wilderness Resorts Inc. reacquired 23,900 shares of its common stock at $31 per share. On April 20, Wilderness Resorts sold 14,000 of the reacquired shares at $40 per share. On October 4, Wilderness Resorts sold the remaining shares at $29 per share. Journalize the transactions of January 31, April 20, and October 4. Refer to the Chart of Accounts for exact wording of account titles. --- ## Journal | DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSET | |------------|--------------------------|------------|---------|---------|--------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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