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Mar. 4 Issued 20,000 shares of $1 par value common stock at $15 per share. May 22 Purchased 1,700 shares of treasury stock-common at $11 per share. Sep. 22 Sold 800 shares of treasury stock-common at $21 per share. Oct. 14 Sold 900 shares of treasury stock-common at $7 per share.

Mar. 4 Issued 20,000 shares of $1 par value common stock at $15 per share. May 22 Purchased 1,700 shares of treasury stock-common at $11 per share. Sep. 22 Sold 800 shares of treasury stock-common at $21 per share. Oct. 14 Sold 900 shares of treasury stock-common at $7 per share.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Stock transactions for Roadhog Driving School, Inc. follow: O (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 20,000 shares of $1 par value common stock at $15 per share. Date Accounts and Explanation Debit Credit Mar. 4 - X More info Mar. 4 Issued 20,000 shares of $1 par value common stock at $15 per share. May 22 Purchased 1,700 shares of treasury stock-common at $11 per share. Sep. 22 Sold 800 shares of treasury stock-common at $21 per share. Oct. 14 Sold 900 shares of treasury stock-common at $7 per share. Print Done
Transcribed Image Text:Stock transactions for Roadhog Driving School, Inc. follow: O (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 20,000 shares of $1 par value common stock at $15 per share. Date Accounts and Explanation Debit Credit Mar. 4 - X More info Mar. 4 Issued 20,000 shares of $1 par value common stock at $15 per share. May 22 Purchased 1,700 shares of treasury stock-common at $11 per share. Sep. 22 Sold 800 shares of treasury stock-common at $21 per share. Oct. 14 Sold 900 shares of treasury stock-common at $7 per share. Print Done
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