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a company reported the following stockholders equity on january 1 of the curent year:

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a company reported the following stockholders equity on january 1 of the curent year;common stock $10 par, 1,000,000 shares authorized, 400,000 shares issued $4,000,000. Contributed capital in excess of par, common 1,200,000. Retained earnings 1,600,000. total stockholders equity $6,800,000.;Prepare journal entries for the following transactions related to this company;mar 1 purchased 10,000 shares of treasury stock for $17 per share;may 5 sold 4,000 shares of treasury stock for $16 per share;oct 12 sold 2,000 shares of treasury stock for $18 per share. what is the balance in the treasury stock account at october 31? what is in the balance in the common stock account at october 31? what is the balance in the contributed capital account at october 31? what is the balance in the retained earnings account at october 31? what is the amount of total stockholders equity at october 31?

 

Paper#79489 | Written in 18-Jul-2015

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