Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $ 1 par value common. The following transactions affect stockholdersâ equity during 2012, its first year of operations:
January 2 Issues 100,000 shares of common stock for $25 per share.
February 6 Issues 2,000 shares of 8% preferred stock for $12 per share.
September 10 10 Repurchases 10,000 shares of its own common stock for $30 per share.
December 15 Reissues 5,000 shares of treasury stock at $35 per share.
Required: Record each of these transactions.
Answers: 3
Business, 22.06.2019 09:40, cerna
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Answers: 1
Business, 22.06.2019 13:00, ksteele1
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Answers: 2
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