Treasury Stock TransactionsYard Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Inc. reacquired 9,800 shares of its common stock at $34 per share. On June14, 6,200 of the reacquired shares were sold at $37 per share, and on November 23, 2,400 of the reacquired shares were sold at $38.a. Journalize the transactions of January 31, June 14, and November 23. If an amount box does not require an entry, leave it blank.Jan. 31June. 14Nov. 23b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?c. What is the balance in Treasury Stock on December 31 of the current year?d. How will the balance in Treasury Stock be reported on the balance sheet?

Treasury stocks are repurchased shares of the company.The firm has the power to re issue these…

reasury Stock Transactions ard Spray Inc. develops and produces spraying eguipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Inc. reacquired 9,800 shares of its common stock at $34 per share.. On June 4, 6,200 of the reacquired shares were sold at $37 per share, and on November 23, 2,400 of the reacquired shares were sold at $38. . Journalize the transactions of January 31, June 14, and November 23. If an amount box does not require an entry, leave it blank. Jan. 31 June. 14 Nov. 23 . What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? . What is the balance in Treasury Stock on December 31 of the current year? 1. How will the balance in Treasury Stock be reported on the balance sheet?

reasury Stock Transactions ard Spray Inc. develops and produces spraying eguipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Inc. reacquired 9,800 shares of its common stock at $34 per share.. On June 4, 6,200 of the reacquired shares were sold at $37 per share, and on November 23, 2,400 of the reacquired shares were sold at $38. . Journalize the transactions of January 31, June 14, and November 23. If an amount box does not require an entry, leave it blank. Jan. 31 June. 14 Nov. 23 . What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? . What is the balance in Treasury Stock on December 31 of the current year? 1. How will the balance in Treasury Stock be reported on the balance sheet?

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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Yard Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Ino reacquired 19,700 shares of its common stock at $19 per share. On June 14, 13,400 of the reacquired shares were sold at $25 per share, and on November 23, 5,300 of the reacquired shares were sold at $20. Required: a. Journalize the transactions of January 31, June 14, and November 23. 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. c. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? b. What is the balance in Treasury Stock on December 31 of the current year? d. How will the balance in Treasury Stock be reported on the balance sheet?
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Subject: acounting
Yard Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Inc. reacquired 19,600 shares of its common stock at $19 per share. On June 14, 13,700 of the reacquired shares were sold at $25 per share, and on November 23, 4,700 of the reacquired shares were sold at $20. Required: a. Journalize the transactions of January 31, June 14, and November 23. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? What is the balance in Treasury Stock on December 31 of the current year? How will the balance in Treasury Stock be reported on the balance sheet?
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