question archive On October 10, the stockholders equity of Sherman Systems appears as follows: Common stock - $10 par value, 72,000 shares authorized, issued, and outstanding 720,000 Paid in capital in excess of par value, common stock 216,000 Retained earnings 864,000 Total Stockholders' equity 1,800,000 Prepare journal entries to record the following transactions for Sherman Sylvester a
On October 10, the stockholders equity of Sherman Systems appears as follows: Common stock - $10 par value, 72,000 shares authorized, issued, and outstanding 720,000 Paid in capital in excess of par value, common stock 216,000 Retained earnings 864,000 Total Stockholders' equity 1,800,000 Prepare journal entries to record the following transactions for Sherman Sylvester a
Subject:AccountingPrice: Bought3
On October 10, the stockholders equity of Sherman Systems appears as follows:
Common stock - $10 par value, 72,000 shares authorized, issued, and outstanding 720,000
Paid in capital in excess of par value, common stock 216,000
Retained earnings 864,000
Total Stockholders' equity 1,800,000
Prepare journal entries to record the following transactions for Sherman Sylvester
a. Purchased 5,000 shares of its own common stock at $25 per share on October 11
b. Sold 1,000 treasury shares on November 1 for $31 cash per share
c . Sold all remaining treasury shares on November 25 for $20 cash per share
Prepare the stockholders equity section after the October 11 treasury stock
Purchased 5,000 shares of its own common stock at $25 per share on October 11
