a company has 10 000 shares of 10 par common stock outstanding prepare entries to re 4276410
A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following:
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(a) |
Purchased 1,000 shares of treasury stock at $12. The treasury stock is accounted for by the cost method. |
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(b) |
Sold 500 shares of treasury stock at $15. |
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(c) |
Purchased equipment for $75,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the remaining. |
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(d) |
Sold 500 shares of treasury stock at $11. |