Oriole Corporation is authorized to issue 1.000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 430.000 shares of stock at S6 per share. Sept. 5 Purchased 34,000 shares of treasury stock at $8 per share. Journalize the transactions for Oriole Corporation. (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.) Date Account Titles and Explanation Debit Credit Cash Common Stock Pald-in Capltal In Excess of Stated Vvalue-Common Stock
Oriole Corporation is authorized to issue 1.000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 430.000 shares of stock at S6 per share. Sept. 5 Purchased 34,000 shares of treasury stock at $8 per share. Journalize the transactions for Oriole Corporation. (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.) Date Account Titles and Explanation Debit Credit Cash Common Stock Pald-in Capltal In Excess of Stated Vvalue-Common Stock
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 9P
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![Oriole Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the following
stock transactions.
Jan. 15
Issued 430,000 shares of stock at $6 per share.
Sept. 5
Purchased 34,000 shares of treasury stock at $8 per share.
Journalize the transactions for Oriole Corporation. (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.)
Date
Account Titles and Explanation
Debit
Credit
Cash
Common Stock
Pald-In Capltal In Excess of Stated Value-Common Stock
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd28a48f8-ed8c-4f2d-ac3a-2ddd1708b849%2Fe499714b-2e01-468e-933d-3727c4f29aa2%2F99nofxo_processed.png&w=3840&q=75)
Transcribed Image Text:Oriole Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the following
stock transactions.
Jan. 15
Issued 430,000 shares of stock at $6 per share.
Sept. 5
Purchased 34,000 shares of treasury stock at $8 per share.
Journalize the transactions for Oriole Corporation. (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.)
Date
Account Titles and Explanation
Debit
Credit
Cash
Common Stock
Pald-In Capltal In Excess of Stated Value-Common Stock
>
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