Prepare the appropriate general journal entries for the following treasury stock transactions of Aberdeen Inc. Oct. 15 Purchased 7,000 shares of its $15 par common stock for $70,000 and placed the stock in the treasury. Dec.  1 Sold 2,000 shares of the treasury stock for $18,000 cash. Dec. 31 Sold the remaining treasury stock for $56,000 cash.

Rodriguez Corporation issues 6,000 shares of its common stock for $87,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $12 par value. 2. The stock has neither par nor stated value. 3. The stock has a $6 stated value. View transaction list Journal entry worksheet < A B с Record the issue of 6,000 shares of $12 par value common stock for $87,500 cash. Transaction 1 Note: Enter debits before credits. General Journal Debit Credit

On May 3, Zirbal Corporation purchased 4,500 shares of its own stock for $31,500 cash. On November 4, Zirbal reissued 1,350 shares of this treasury stock for $10,800. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. View transaction list Journal entry worksheet

Devers Company strated a stock repurchase plan in current year. Below are the related                   transactions. Record each transaction in the journal provided.                                       Jun 12 Purchased 5,000 shares of treasury stock for $15 per share.                                     Aug 9 Sold 2,000 shares of treasury stock for $18 per share                                     Nov 7 Sold 1,500 shares of treasury stock for $14 per share

Each of the following scenarios pertains to the issuance of common stock. For each of these situations, prepare the issuer's journal entry. a. On June 14, Nacho Mama's Cantina of Baltimore, MD issues 46,000 shares of $5 par value common stock for $308,000 cash. b. On July 21, Harry's Pottery issues no-par value common stock for $77,000 cash. c. On August 8, Happy Harry's Wholesale Jalapenos issues 2,700 shares of $25 par value common stock for $170,000 of machinery, $46,000 of inventory, and a note payable in the amount of $96,000. View transaction list Journal entry worksheet < 1 Happy Harry's Wholesale Jalapenos issues 2,700 shares of $25 par value common stock for $170,000 of machinery, $46,000 of inventory, and a note payable in the amount of $96,000. Note: Enter debits before credits. Transaction C. 2 Record entry General Journal Clear entry Debit Credit Help View general journal

Rodriguez Corporation issues 17,000 shares of its common stock for $288,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $16 par value. 2. The stock has neither par nor stated value. 3. The stock has a $8 stated value. View transaction list Journal entry worksheet > A B C Record the issue of 17,000 shares of $16 par value common stock for $288,000 cash. Note: Enter debits before credits. Transaction 1 Cash General Journal Debit Credit >

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On March 5, Jerald Corporation purchased 7,000 shares of its own common stock for $56,000. On July 17, Jerald Corporation reissued 900 shares of this treasury stock for $6,300. Prepare the March 5 journal entry and the July 17 entry to record the purchase and reissuance of Jerald's treasury stock. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial 10pt V Ix % 0 as d

Flint Corporation purchased 2,500 shares of its $10 par value common stock for $167,500 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 1,500 shares of treasury stock for cash at $75 per share. Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation eTextbook and Media Debit Credit

On April 2 a corporation purchased for cash 7,000 shares of its own $10 par common stock at $28 per share. It sold 4,000 of the treasury shares at $31 per share on June 10. The remaining 3,000 shares were sold on November 10 for $24 per share. a. Journalize the entries for the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank. Apr. 2 b. Journalize the entries for the sale of the stock. If an amount box does not require an entry, leave it blank. June 10 Nov. 10