Jupiter Corp. has 1,000,000 shares of $3 par value common stock authorized. Record the journal...
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Jupiter Corp. has 1,000,000 shares of $3 par value common stock authorized. Record the journal entries for the following transactions. (e. is not journal entries)
Jupiter sells 80,000 shares of stock at par value.
Jupiter sells 70,000 shares of stock at $7 per share.
Jupiter buys 10,000 shares of its own stock for $5.50 per share.
Jupiter sells 2,000 of its treasury shares for $6.00 per share.
How many shares of Jupiter stock are issued after d.? How many are outstanding?
I need the appropriate journal entries for this problem.
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