Treasury Stock Transactions Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 4,300 shares of its common stock at $61 per share. On April 30, Lava Lake Inc. sold 3,000 of the reacquired shares at $68 per share. On August 22, Lava Lake Inc. sold 1,300 shares at $58 per share. a.  Journalize the transactions of February 11, April 30, and August 22. If an amount box does not require an entry, leave it blank. Feb. 11   fill in the blank b3225000303cf97_2 fill in the blank b3225000303cf97_3     fill in the blank b3225000303cf97_5 fill in the blank b3225000303cf97_6 Apr. 30   fill in the blank b3225000303cf97_8 fill in the blank b3225000303cf97_9     fill in the blank b3225000303cf97_11 fill in the blank b3225000303cf97_12     fill in the blank b3225000303cf97_14 fill in the blank b3225000303cf97_15 Aug. 22   fill in the blank b3225000303cf97_17 fill in the blank b3225000303cf97_18     fill in the blank b3225000303cf97_20 fill in the blank b3225000303cf97_21     fill in the blank b3225000303cf97_23 fill in the blank b3225000303cf97_24 b.  What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? $fill in the blank 8a0a1304c03c04d_1   c.  For what reasons might Lava Lake have purchased the treasury stock?

Identifying and Analyzing Financial Statement Effects of Stock TransactionsMelo Company reports the following transactions relating to its stock accounts in the current year. Use the financial statement effects template to indicate the effects from each of these transactions.(a) Mar. 2 Issued 7,000 shares of $1 par value common stock at $30 cash per share.(b) Apr. 14 Issued 10,500 shares of $100 par value, 8% preferred stock at $250 cash per share.(c) June. 30 Purchased 2,100 shares of its own common stock at $22 cash per share.(d) Sep. 25 Sold 1,050 shares of its treasury stock at $26 cash per share.Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction.Note: Indicate a decrease in an account category by including a negative sign with the amount.

Entries for Stock Investments, Dividends, and Sale of Stock Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Feb. 24 Acquired 400 shares of Tett Co. stock for $157 per share plus a $124 brokerage commission. May 16 Acquired 1,600 shares of Issacson Co. stock for $35 per share plus a $160 commission. July 14 Sold 200 shares of Tett Co. stock for $174 per share less a $113 brokerage commission. Aug. 12 Sold 600 shares of Issacson Co. stock for $28 per share less a $87 brokerage commission. Oct. 31 Received dividends of $0.42 per share on Tett Co. stock. Journalize the entries for these transactions. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Feb. 24 May 16 July 14 Aug. 12

Entries for Treasury Stock On May 27, Hydro Clothing Inc. reacquired 65,000 shares of its common stock at $6 per share. On August 3, Hydro Clothing sold 48,000 of the reacquired shares at $9 per share. On November 14, Hydro Clothing sold the remaining shares at $5 per share.

Entries for Stock Dividends Vienna Corporation has 29,000 shares of $80 par common stock outstanding. On August 2, Vienna Corporation declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $115 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     fill in the blank 8 fill in the blank 9 Sept. 15   fill in the blank 11 fill in the blank 12     fill in the blank 14 fill in the blank 15 Oct. 8   fill in the blank 17 fill in the blank 18     fill in the blank 20 fill in the blank 21

Entries for stock dividends Zurich Corporation has 30,000 shares of $90 par common stock outstanding. On August 2, Zurich Corporation declared a 4% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $136 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank.

The shareholders' equity accounts of Crane Ltd. on April 1, 2020, the beginning of the fiscal year, are as follows: $5 cumulative preferred shares (18,000 issued) Common shares (460,000 issued) Retained earnings Total shareholders' equity During the year, the following transactions occurred: 2020 June 1 July 1 Sept. 30 2021 Jan Mar. 31 31 $1,440,000 4,600,000 1,600,000 $7,640,000 Reacquired 12.000 common shares for $11 per share. Issued 51,000 common shares for $12 per share. Reacquired 8,000 common shares for $11.50 per share. Issued 54,000 common shares in exchange for land. The land's fair value was $648,000. Profit for the year ended March 31, 2021, was $1,025,000.

Entries for Stock Investments, Dividends, and Sale of Stock Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Feb. 24 Acquired 2,000 shares of Tett Co. stock for $80 per share plus a $200 brokerage commission. May 16 Acquired 2,000 shares of Issacson Co. stock for $40 per share plus a $100 commission. July 14 Sold 500 shares of Tett Co. stock for $100 per share less a $50 brokerage commission. Aug. 12 Sold 1,000 shares of Issacson Co. stock for $34 per share less an $80 brokerage commission. Oct. 31 Received dividends of $0.30 per share on Tett Co. stock. Journalize the entries for these transactions under the fair value method. If an amount box does not require an entry, leave it blank. Feb. 24 Investments-Tett Co. Stock  fill in the blank 2 fill in the blank 3   Cash  fill in the blank 5 fill in the blank 6 May 16 Investments-Issacson Co. Stock  fill…

Entries for Stock Investments, Dividends, and Sale of Stock Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Feb. 24 Acquired 500 shares of Tett Co.'s stock for $163 per share plus a $145 brokerage commission. May 16 Acquired 1,200 shares of Issacson Co.'s stock for $45 per share plus a $192 commission. July 14 Sold 200 shares of Tett Co. stock for $181 per share less a $118 brokerage commission. Aug. 12 Sold 400 shares of Issacson Co. stock for $36 per share less a $112 brokerage commission. Oct. 31 Received dividends of $0.42 per share on Tett Co. stock. Dec. 31 At the end of the accounting period, the fair value of the remaining 300 shares of Tett Co.'s stock was $163.49 per share. The fair value of the remaining 800 shares of Isaacson Co.'s stock was equal to its cost of $45.16 per share. Journalize the entries for these transactions. In your…

Treasury Stock Transactions Yard Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Inc. reacquired 13,600 shares of its common stock at $44 per share. On June 14, 8,600 of the reacquired shares were sold at $47 per share, and on November 23, 3,300 of the reacquired shares were sold at $50. Question Content Area a.  Journalize the transactions of January 31, June 14, and November 23. If an amount box does not require an entry, leave it blank. Jan. 31               June. 14                       Nov. 23                         Feedback Area   Feedback   Question Content Area b.  What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?$fill in the blank 7b5b77fd706903b_1    c.  What is the balance in Treasury Stock on December 31 of the current year?$fill in the blank 7b5b77fd706903b_3    d.…