Sheridan Company has the following stockholders' equity accounts at December :
Common Stock $ par value, authorized shares $
Retained Earnings $
Prepare entries in journal form to record the following transactions, which took place during Transactions occured in the order presented.
shares of outstanding stock were purchased at $ per share. These are to be accounted for using the stock method.
A $ per share cash dividend was declared.
The dividend declared in above was paid.
The treasury shares purchased in above were resold at $ per share.
shares of outstanding stock wrre purchased at $ per share. Use the cost method.
of the shares purchased in above were resold at $ per share.
