i need question 20 answered 01.5); ALOV CAPITAL in excess...
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Accounting
i need question 20 answered
01.5); ALOV CAPITAL in excess of par RETACNEDENBONS TREASURY STOCK DEAL = 3.500 (c) Howe sold 250 of the treasury shares at 3,000C58500 110,006 (500x301 in excess of PAR 3,500 (500' 72. 1,000 cysg (500x301) CASH 7,ood RE 2500 sold the remaining 250 of the treasury shares at $30 a share, TS 1250 CASH 7,500 share. Pailin 75 250 TS 1,2 to 20. Pippen Corporation sold 50 shares of common stock (520 par) and 60 shares of preferred stock (sio par) for $7,000. The FMV of the common stock was $100 and the preferred S50.00 INSTRUCTIONS: Clearly label each situation with the method used (a)Prepare the entry to record the sale for cash; show computations. Method: (b)Assume the preferred had no readily available market price. Prepare the entry to record the sale for cash. Method
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