On January 1, 2020, Bramble Company issued 30,500 shares of $2 par value common stock for $160,000. On March 1, 2020, the company purchased 6,200 shares of its common stock for $8 per share for the treasury. On June 1, 2020, 1,500 of the treasury shares are sold for $10 per share. On September 1, 2020, 3,400 treasury shares are sold at $6 per share. Journalize the stock transactions of Bramble Company in 2020. (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 V Account Titles and Explanation Debit Credit
On January 1, 2020, Bramble Company issued 30,500 shares of $2 par value common stock for $160,000. On March 1, 2020, the company purchased 6,200 shares of its common stock for $8 per share for the treasury. On June 1, 2020, 1,500 of the treasury shares are sold for $10 per share. On September 1, 2020, 3,400 treasury shares are sold at $6 per share. Journalize the stock transactions of Bramble Company in 2020. (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 V Account Titles and Explanation Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vikrambhai
Transcribed Image Text:On January 1, 2020, Bramble Company issued 30,500 shares of $2 par value common stock for $160,000. On March 1, 2020, the
company purchased 6,200 shares of its common stock for $8 per share for the treasury. On June 1, 2020, 1,500 of the treasury shares
are sold for $10 per share. On September 1, 2020, 3,400 treasury shares are sold at $6 per share.
Journalize the stock transactions of Bramble Company in 2020. (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.)
Account Titles and Explanation
Date
0.0
Debit
Credit
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