In the current year, a company entered into the transactions described below. Three years prior, the company had issued
million shares of its $ par common stock at $ per share.
Required:
Assuming that the company retires shares it reacquires, record the appropriate journal entry for each of the following transactions
that occurred in the current year:
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your
answers in millions ie should be entered as
On January the company reacquired million shares at $ per share.
On March the company reacquired million shares at $ per share.
On August the company sold million shares at $ per share.
On December the company sold million shares at $ per share.
Answer is not complete.
