NettetEntries for treasury stock On May 27, Hydro Clothing Inc. reacquired 75,000 shares of its common stock at 8 per share. On August 3, Hydro Clothing sold 54,000 of the reacquired shares at 11 per share. On November 14, Hydro Clothing sold the remaining shares at 7 per share. Journalize the transactions of May 27, August 3, and November 14. NettetJournalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Jan. 15. Paid cash dividends of $0.06 per share on the common …
Treasury Stock Journal Entry Example - Accountinginside
NettetYour intermediate accounting textbook covers three different treasury stock transactions: purchasing, selling, and retiring. All three are pretty easy to journalize … NettetWhen FG Corp reissues 1,000 shares of treasury stock for $45 per share, it should reduce treasury stock for an amount equal to the initial cost and record the reissuance gain in additional paid-in capital (1,000 shares x … the duck company t shirts catalog
Solved Treasury Stock Transactions Mystic Lake Inc. bottles - Chegg
Nettet(a) Prepare the journal entry for the issuance when the market price of the common shares is $180 each and market price of the preferred is $225 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $206 per share. a.1) Find Fair value of CS and PS - CS: (500*180) = 90,000 Nettet24. sep. 2024 · 14.7K subscribers This video explains three scenarios: 1) The purchase of treasury stock 2) The sale of treasury stock for more than cost 3) The sale of treasury stock for less than... NettetHow to Record Treasury Stock They are two methods of recording these stocks: 1. Cost Method The cost method ignores the par value of the share of the company. Under the … the duck commander book