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beigefish578Lv1
28 Sep 2019
Diane's Designs has two classes of stock authorized: 8%, $10 parpreferred and $1 par value common. The following transactionsaffect stockholders' equity during 2012, its first year ofoperations:
January 1 Issue 200,000shares of common stock for $15 per share. February 6 Issue 1,000shares of preferred stock for $11 per share. October 10 Repurchase10,000 shares of its own common stock for $18 per share. November 12 Reissue 5,000 shares of treasury stock at $20 per share.
Record each of these transactions: Date, General Journal, Creditor Debit
Diane's Designs has two classes of stock authorized: 8%, $10 parpreferred and $1 par value common. The following transactionsaffect stockholders' equity during 2012, its first year ofoperations:
January 1 | Issue 200,000shares of common stock for $15 per share. |
February 6 | Issue 1,000shares of preferred stock for $11 per share. |
October 10 | Repurchase10,000 shares of its own common stock for $18 per share. |
November 12 | Reissue 5,000 shares of treasury stock at $20 per share. Record each of these transactions: Date, General Journal, Creditor Debit |
syedazmath1627Lv10
1 Feb 2023
Jean KeelingLv2
28 Sep 2019
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