On January 31, Outback Coast Resorts Inc. reacquired 23,900 shares of its common stock at $31 per share. On April 20, Outback Coast Resorts sold 14,000 of the reacquired shares at $40 per share. On October 4, Outback Coast Resorts sold the remaining shares at $29 per share. Required: Journalize the transactions of January 31, April 20, and October 4. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

On January 31, Outback Coast Resorts Inc. reacquired 23,900 shares of its common stock at $31 per share. On April 20, Outback Coast Resorts sold 14,000 of the reacquired shares at $40 per share. On October 4, Outback Coast Resorts sold the remaining shares at $29 per share. Required: Journalize the transactions of January 31, April 20, and October 4. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

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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