Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on february 1, marine company reacquired 7,500 sha

On February 1, Marine Company reacquired 7,500 shares if its common stock at $30 per...

80.2K

Verified Solution

Question

Accounting

On February 1, Marine Company reacquired 7,500 shares if its common stock at $30 per share. On March 15, Marine sold 4,500 of the reacquired shares at $34 per share. On June 2, Marine sold the remaining shares at $28 per share.

Journalize the transaction of February 1, March 15, and June 2.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

American Printing Company’s information technology department administers the company’s material requirements planning and general ledger systems. It...

Accounting
Q

List 6 aspect / characteristics of linear economy and circular economy and what is the difference...

Economics
Q

1.Consider a negative point charge. Sketch electric field lines, including their direction. 2 Calculate electric field of...

Physics
Q

Why are the measurement concepts of reliability and validity important to the research process? What dangers...

Psychology
Q

What operation s would you perform on the longer leg across from the 60 degree...

Geometry
Q

32 Given R is the midpoint of PT 4P T and PRQ TRS Q M...

Geometry
Q

In order to image small objects with high resolution select all possible methods Lower electron...

Geometry
Q

We are standing on the top of a 512 feet tall building and launch a...

Basic Math
Q

10 Domain none 4 5 7 7 4 5 4 5 5 X 5 S...

Calculus
Q

Adjusting entries: Adjusting entries

Accounting
Q

Item & Ingredients Cost Standard per Cake conventional oven $6000 (depreciate...

Accounting
Q

O Samson Paper Caprodam ser used by water mandatin lamento e comert comes to bring...

Accounting