Menu
support@businesspapershelp.com
+1(805) 568 7317

question answer both questions completely on january 1 20xx swenson corporation had 4287265

Question

Answer both questions completely

On January 1, 20xx. Swenson Corporation had 40.000 shares of $10 par value common stock issued and outstanding All 40.000 shares had been issued in a poor period at $20.00 per share. On February 1, 20xx, Swenson purchased 2,000 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on March 1, 20xx. The journal entry to record the purchase of the treasury shares on February 1. 20xx, would induce a credit to Treasury Stock for $48.000. debit to Treasury Stock for $48,000. debit to a loss account for $6.000 credit to a gain account for $6.000. On January 1, 20xx. Swenson Corporation had 40.000 shares of $10 par value common stock issued and outstanding. All 40.000 shares had been issued in a prior period at $20.00 per share. On February 1. 20xx, Swenson purchased 3,000 shares of treasury stock for $21 per share and later sold the treasury shares for $24 per share on March 1, 20xx. The journal entry to record the purchase of the treasury shares on February 1, 20xx, would include a credit to Treasury Stock for $63,000. debit to Treasury Stock for $63,000. debit to a loss account for $9.000 credit to a gain account for $9,000.

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"GET15"

Order Now