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Shamrock Corporation is authorized to issue 950,000 shares of $1 par value common stock. During 2025, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Issued 665,000 shares of stock at $7 per share. Purchased 19,000 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026.

Shamrock Corporation is authorized to issue 950,000 shares of $1 par value common stock. During 2025, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Issued 665,000 shares of stock at $7 per share. Purchased 19,000 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026.

FINANCIAL ACCOUNTING
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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Shamrock Corporation is authorized to issue 950,000 shares of $1 par value common stock. During 2025, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Issued 665,000 shares of stock at $7 per share. Purchased 19,000 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026. Journalize the transactions for Shamrock Corporation. (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. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.) Date V Account Titles and Explanation Debit Credit
Transcribed Image Text:Shamrock Corporation is authorized to issue 950,000 shares of $1 par value common stock. During 2025, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Issued 665,000 shares of stock at $7 per share. Purchased 19,000 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026. Journalize the transactions for Shamrock Corporation. (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. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.) Date V Account Titles and Explanation Debit Credit
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