Stock transactions for Careful Driving School, Inc. follow: (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 29,000 shares of $1 par value common stock at $12 per share. Date Accounts and Explanation Mar. 4 Date May 22 Cash May 22: Purchased 1,000 shares of treasury stock-common at $13 per share. Accounts and Explanation Sep. 22 Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Issued common stock for cash. Treasury Stock-Common Cash Purchased treasury stock. Sep. 22: Sold 700 shares of treasury stock-common at $18 per share. Date Accounts and Explanation More info Mar. 4 May 22 Sep. 22 Oct. 14 Debit 348,000 Debit 13,000 Debit Issued 29,000 shares of $1 par value common stock at $12 per share. Purchased 1,000 shares of treasury stock-common at $13 per share. Sold 700 shares of treasury stock-common at $18 per share. Sold 300 shares of treasury stock-common at $8 per share. Credit 29,000 319,000 Credit 13,000 Credit X
Stock transactions for Careful Driving School, Inc. follow: (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 29,000 shares of $1 par value common stock at $12 per share. Date Accounts and Explanation Mar. 4 Date May 22 Cash May 22: Purchased 1,000 shares of treasury stock-common at $13 per share. Accounts and Explanation Sep. 22 Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Issued common stock for cash. Treasury Stock-Common Cash Purchased treasury stock. Sep. 22: Sold 700 shares of treasury stock-common at $18 per share. Date Accounts and Explanation More info Mar. 4 May 22 Sep. 22 Oct. 14 Debit 348,000 Debit 13,000 Debit Issued 29,000 shares of $1 par value common stock at $12 per share. Purchased 1,000 shares of treasury stock-common at $13 per share. Sold 700 shares of treasury stock-common at $18 per share. Sold 300 shares of treasury stock-common at $8 per share. Credit 29,000 319,000 Credit 13,000 Credit X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Just need help finishing it, I forgot how to do the rest
![Stock transactions for Careful Driving School, Inc. follow:
i (Click the icon to view the transactions.)
Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal
entry table.)
Mar. 4: Issued 29,000 shares of $1 par value common stock at $12 per share.
Date
Accounts and Explanation
Mar. 4
Date
May 22
Cash
May 22: Purchased 1,000 shares of treasury stock-common at $13 per share.
Accounts and Explanation
Sep. 22
Common Stock-$1 Par Value
Paid-In Capital in Excess of Par-Common
Issued common stock for cash.
Treasury Stock-Common
Cash
Purchased treasury stock.
Sep. 22: Sold 700 shares of treasury stock-common at $18 per share.
Date
Accounts and Explanation
More info
Mar. 4
May 22
Sep. 22
Oct. 14
Print
Debit
348,000
Done
Debit
13,000
Issued 29,000 shares of $1 par value common stock at $12 per share.
Purchased 1,000 shares of treasury stock-common at $13 per share.
Sold 700 shares of treasury stock-common at $18 per share.
Sold 300 shares of treasury stock-common at $8 per share.
Debit
Credit
29,000
319,000
Credit
13,000
Credit
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc662acd0-7e66-4a58-9ccf-c3346a2d9b41%2F8ee6f7aa-4eb7-4a79-a6fc-887001dd2e8f%2Fp4553rln_processed.png&w=3840&q=75)
Transcribed Image Text:Stock transactions for Careful Driving School, Inc. follow:
i (Click the icon to view the transactions.)
Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal
entry table.)
Mar. 4: Issued 29,000 shares of $1 par value common stock at $12 per share.
Date
Accounts and Explanation
Mar. 4
Date
May 22
Cash
May 22: Purchased 1,000 shares of treasury stock-common at $13 per share.
Accounts and Explanation
Sep. 22
Common Stock-$1 Par Value
Paid-In Capital in Excess of Par-Common
Issued common stock for cash.
Treasury Stock-Common
Cash
Purchased treasury stock.
Sep. 22: Sold 700 shares of treasury stock-common at $18 per share.
Date
Accounts and Explanation
More info
Mar. 4
May 22
Sep. 22
Oct. 14
Print
Debit
348,000
Done
Debit
13,000
Issued 29,000 shares of $1 par value common stock at $12 per share.
Purchased 1,000 shares of treasury stock-common at $13 per share.
Sold 700 shares of treasury stock-common at $18 per share.
Sold 300 shares of treasury stock-common at $8 per share.
Debit
Credit
29,000
319,000
Credit
13,000
Credit
X
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