Greene Enterprises reported the following ($ in 000s) as of December 31, 2013. All accounts...
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Accounting
Greene Enterprises reported the following ($ in 000s) as of December 31, 2013. All accounts have normal
balances. During 2014 ($ in 000s), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500.
10. What ($ in 000s) was shareholders' equity as of December 31, 2014?
10 a. Prepare the journal entry to record the sale of half of the treasury stock.
Please include dates and calculations :)
Deficit Common stock Paid-in capital-treasury stock Treasury stock at cost Paid-in capitalexcess of par 3,000 2,000 1,000 400 30,000
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During 2014 ($ in 000s), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500.