In the current year, a company entered into the treasury stock transactions described below. Two...
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Accounting
In the current year, a company entered into the treasury stock transactions described below. Two years ago, the company had issued million shares of its $ par common stock at $ per share.
Required:
Prepare the appropriate journal entry for each of the following transactions:
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. Record the reacquisition of million shares at $ per share.
On September the company sold million treasury shares at $ per share. Record the sale of million treasury shares at $ per share.
On November the company sold million treasury shares at $ per share. Record the sale of million treasury shares at $ per share.
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