Whispering Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2025, Whispering reacquired 210 shares at $76 per share. On November 1, Whispering reissued the 150 shares at $66 per share. Whispering had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued for $45 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Date November 1, 2025 ca Cash Retained Earnings Treasury Stock 15960 2200 18260 Credit 100 2200 18260
Whispering Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2025, Whispering reacquired 210 shares at $76 per share. On November 1, Whispering reissued the 150 shares at $66 per share. Whispering had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued for $45 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Date November 1, 2025 ca Cash Retained Earnings Treasury Stock 15960 2200 18260 Credit 100 2200 18260
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Whispering Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2025, Whispering
reacquired 210 shares at $76 per share. On November 1, Whispering reissued the 150 shares at $66 per share. Whispering had no
previous treasury stock transactions.
Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued
for $45 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do
not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)
Account Titles and Explanation
Date
November 1,
2025
ca
Cash
Retained Earnings
Treasury Stock
Debit
15960
2200
18260
Credit
100
2200
18260
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