WebDec 31, 2016 · July 6 Sold 1,688 of its treasury shares at $19 cash per share. Aug. 22 Sold 2,812 of its treasury shares at $12 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. WebThis video demonstrates the journal entries necessary to record the purchase and resell of treasury stock using the cost method.

14.2 Analyze and Record Transactions for the Issuance and

WebAnswer to: When treasury stock is sold for less than its cost, ... Include an example of a journal entry to purchase treasury stock. ... 6,000 Sales 50,000 Cost of Goods Sold 36,000 Rent Expense 6,800 Number of shares outstanding = 2,000 Compute Earning ; WebSep 27, 2024 · The journal entry is given below: Suppose, for example, the Eastern company reissues 1,000 shares out of its treasury stock at $110 per share. The following journal … portland to 97448

3.5 Use Journal Entries to Record Transactions and Post to T

WebJun 18, 2024 · Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $29 cash per share. WebAs a result, the first $170 of the "loss" goes to Paid-in Capital from Treasury Stock and the remaining $190 ($360 minus $170) is debited to Retained Earnings as shown in this … WebCompany ABC issues 1,000 common shares to the capital market. The share has a par value of $1 but they are sold for $ 100 per share. The company receives cash at bank of $ … option 8 on mac