Question of Week Hom
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Question of
On January the stockholders' equity section of Pina Colada Corporation shows common stock $ par value $; paidin capital in excess of par $; and retained earnings $ During the year, the following treasury stock transactions occurred.
Mar. Purchased shares for cash at $ per share.
July Sold treasury shares for cash at $ per share.
Sept. Sold treasury shares for cash at $ per share.
a
Journalize the treasury stock transactions. List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.
tableDateMar:
uly
uly
Account Titles and Explanation
Treasury Stock
Cash
Paidin Capital from Treasury Stock
Common Stock
Retained Earnings
Sept.
Sept.
Paidin Capital from Treasury Stock
Paidin Capital from Treasury Stock
Debit
