Prior to June 30, a company has never had any treasury stock transactions. The company repurchased 185 shares of its $1 par common stock on June 30 for $42 per share. On July 20, it reissued 90 of these shares at $46 per share. On August 1, it reissued 70 of the shares at $40 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? Debit Cash $4,140; credit Treasury Stock $4,140. Debit Common Stock $4,140; credit Treasury Stock $3,780; credit Paid-In Capital, Treasury Stock $360. O Debit Cash $4,140; credit Paid-in Capital, Treasury Stock $360; credit Treasury Stock $3,780. O Debit Common Stock $70; debit Treasury Stock $4.070; credit Cash $4.140. Debit Common Stock $4,140; credit Cash $4,140.

Prior to May 1, Fortune Company has never had any treasury stock transactions. The company repurchased 230 shares of its common stock on May 1 for $11,500. On July 1, it reissued 115 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2? Multiple Choice O O $11,615. $6,095. $15,410. $115. $0.

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 300 shares of its common stock on May 1 for $15,000. On July 1, it reissued 150 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2? a) $15,150.b) $7,800.c) $30,300.d) $150.e) $0.

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What is the amount of earnings per share for common stock (after tax)? What was the P/E ratio on the date of the last Treasury Stock Transaction? Net Income after taxes = $353,018 Last Treasury Stock Transaction: 9/12/2021 Cash 98,800     Paid-In Capital - Treasury Stock   13,000   Treasury Stock   85,800

During its first year of operations, Culver Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 26,800 shares for cash at $4 per share. July 1 Issued 59,000 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $4 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit (a) (b) >

During its first year of operations, Ayayai Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at $6 per share. July 1 Issued 42,000 shares for cash at $10 per share. (a) (b) Your answer is partially correct. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share. (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 Jan. 10 July 1 v Account Titles and Explanation Debit Credit

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Elroy Corporation repurchased 3,200 shares of its own stock for $40 per share. The stock has a par of $20 per share. A month later, Elroy resold 800 shares of the treasury stock for $48 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. Required A Required B Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A Elroy Corporation repurchased 3,200 shares of its own stock for $40 per share. Record the transaction. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal