Wolfpack Inc. had the following transactions occur during the current year:
Feb : Purchased shares of its $ par value common stock as treasury shares for $ each. There were no treasury shares held prior to this date.
Apr : Reissued treasury shares for $ each.
June : Reissued treasury shares for $ each
The journal entry to record the June transaction will include a:
Select one:
a Debit to "Loss on Sale of Treasury Stock" for $
b Debit to "Common Stock" for $
c Debit to "PaidinCapital Treasury Stock" for $
d Credit to "Treasury Stock" for $
e Debit to "Retained Earnings" for $
O'Brien Construction Company uses the percentageofcompletion method. One of its projects is being built for a local school for a contract price of $ The threeyear project is expected to be completed in The following information is available regarding this particular construction project for the first two years:
tableCosts incurred during the year,$
