March 14th, the company purchased 3,000 common shares back from the market for cash $3 per share. Prepare Journal Entry.
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March 14th, the company purchased 3,000 common shares back from the market for cash $3 per share.
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- On July 1, Culver Corporation purchases 500 shares of its $5 par value common stock for the treasury at a cash price of $10 per share. On September 1, it sells 250 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date > Account Titles and Explanation Debit CreditBiscayne Bay Water Inc. bottles and distributes spring water. On May 14 of the current year, Biscayne Bay Water Inc. reacquired 2,700 shares of its common stock at $53 per share. On September 6, Biscayne Bay Water Inc. sold 2,100 of the reacquired shares at $57 per share. The remaining 600 shares were sold at $50 per share on November 30. a. Journalize the transactions of May 14, September 6, and November 30. If an amount box does not require an entry, leave it blank. May 14 fill in the blank 5100910d601a073_2 fill in the blank 5100910d601a073_3 fill in the blank 5100910d601a073_5 fill in the blank 5100910d601a073_6 Sept. 6 Cash fill in the blank 5100910d601a073_8 fill in the blank 5100910d601a073_9 fill in the blank 5100910d601a073_11 fill in the blank 5100910d601a073_12 fill in the blank 5100910d601a073_14 fill in the blank 5100910d601a073_15 Nov. 30 fill in the blank 5100910d601a073_17 fill in the blank 5100910d601a073_18 fill in the…On February 14, Marine Company reacquired 7,500 shares of its common stock at $30 per share. On March 15, Marine sold 4,500 of the reacquired shares at $34 per share. On June 2, Marine sold the remaining shares at $28 per share. Required: Journalize the transactions of Februaryl4, March 5, and June 2.
- On March 1, Newt Corp. had 60,000 shares of common stock authorized and 20,000 shares of $2 par common stock issued and outstanding when it declared a $.40 (forty cents) per share dividend to be paid on March 31. Use the drop-down menu to complete each of the following sentences: A. The journal entry on March 1 should have a debit to for $ and a credit to for $ B. The journal entry on March 31 should have a debit to for $ and a credit to for $Surfer Girl Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share. Determine the financial statement effects of the purchase of treasury stock. (Amounts to be deducted should be entered with minus sign.)On April 2 a corporation purchased for cash 6,000 shares of its own $13 par common stock at $27 a share. It sold 4,000 of the treasury shares at $30 a share on June 10. The remaining 2,000 shares were sold on November 10 for $23 a share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank.
- Jan. Issued 1,000 shares of Common Stock, $2 par for $12 per share. Record the journal entry.On April 2 a corporation purchased for cash 7,000 shares of its own $12 par common stock at $27 per share. It sold 4,000 of the treasury shares at $30 per share on June 10. The remaining 3,000 shares were sold on November 10 for $23 per share. a. Journalize the entries for the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank. Apr. 2 - Select - - Select - - Select - - Select - b. Journalize the entries for the sale of the stock. If an amount box does not require an entry, leave it blank. June 10 - Select - - Select - - Select - - Select - - Select - - Select - Nov. 10 - Select - - Select - - Select - - Select - - Select - - Select -On May 1, Carla Vista Corporation purchased 2,400 shares of its $10 par value common stock at a cash price of $12/share. On July 15, 850 shares of the treasury stock were sold for cash at $18/share. Journalize the two transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation Debit Credit
- 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 JOURNAL DESCRIPTION POST. REF. DEBIT CREDIT 1 2 B DATE AShave finished the journal entries still need T-accounts and balance sheetPlease do not give solution in image format ?
