Required InformationWilliamson Corporation's Board authorized 81,000 shares of common stock with $3 par value. During the first year,Williamson:a. Sold 59,000 shares of common stock for cash at $44 per share.b. Repurchased 6,000 shares at $46 per share.Required:1. Prepare the journal entry required for each of these transactions.Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account field.Vww transaction latJournal entry worksheet2Sold 59,000 shares of common stock for cash at $44 per share.Note: Enter debts before adsTransactionMacord entryGeneral JournalClear entryDebitCreditView general journal

The journal entries are prepared to record the transactions on regular basis. The treasury stock…

Answered: Required information Williamson…

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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Riverbed Inc's $10 par value common stock is actively traded at a market price of $16 per share. Riverbed issues 6,000 shares to purchase land advertised for sale at $77,500. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Tropical Rainwear issues 2,000 shares of its $16 par value preferred stock for cash at $18 per share. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Jour Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the issuance of the preferred, shares. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
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On May 10, Blue Spruce Corporation issues 3,050 shares of $10 par value common stock for cash at $20 per share. Journalize the issuance of the stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation May 10 Debit Credit
Owe
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