On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $36,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $8,500. Prepare the May 3 and November 4 journal entries record Zirbal's purchase and reissuance of treasury stock. View transaction list
On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $36,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $8,500. Prepare the May 3 and November 4 journal entries record Zirbal's purchase and reissuance of treasury stock. View transaction list
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 7EB: Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the...
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![On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $36,000 cash. On November 4, Zirbal reissued 850 shares
of this treasury stock for $8,500.
Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock.
View transaction list
Journal entry worksheet
1
<>
Record the purchase of 4,000 shares of its own stock for $36,000 cash.
Note: Enter debits
Date
General Journal
Debit
Credit
May 03
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Transcribed Image Text:On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $36,000 cash. On November 4, Zirbal reissued 850 shares
of this treasury stock for $8,500.
Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock.
View transaction list
Journal entry worksheet
1
<>
Record the purchase of 4,000 shares of its own stock for $36,000 cash.
Note: Enter debits
Date
General Journal
Debit
Credit
May 03
< Prev
14 of 19
Next >
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