WebTreasury share @ cost Ordinary share @ par TREASURY SHARE Acquisition TS xx Cash xx Issuance Cash xx TS xx Reissuance @cost Cash xx TS xx @above cost Cash xx TS xx SP xx @below cost Cash xx. RE xx. TS xx. JOURNAL ENTRY CASH DIVIDEND Retained earnings xx CDP xx CDP xx Cash xx PROPERTY DIVIDEND. Retained earnings xx PDP xx PDP xx Equity … WebChapter 14: Treasury Stock . Note: If Paid-in Capital had an inadequate balance, Retained Earnings could be debited instead. Treasury Stock Reissue Above Cost
ACCOUNTANCY IS THE LECTURE THAT WILL TEACH US - Treasury share …
WebFinal answer. Transcribed image text: Knowledge Check 01 Previously, Feinberg Corporation repurchased 1,000 shares of its $0.05 par value common stock for $25 per share. Today, the company reissues 500 shares of its treasury stock for $26 per share Prepare the appropriate journal entry to record the repurchase of the shares. WebTreasury Shares 1. Purchase of Treasury Shares (COST METHOD) Treasury Shares XXX Cash XXX 2. Reissuance of Treasury Shares a. At Cost Cash XXX Treasury Share XXX b. Above Cost Cash XXX Treasury Share XXX Share Premium 1 - T/S XXX c. Below Cost Cash XXX Share Premium- T/S 2 (if any) XXX Retained Earnings XXX Treasury Share XXX 3. … bnc bouncer
Answered: What is the entry to record the… bartleby
Webb. Reacquired 31,000 shares at $56 cash per share. c. Reissued 13,000 shares from treasury for $57 per share. d. Reissued 13,000 shares from treasury for $55 per share. 2. Prepare joumal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) WebThat said, treasury stock is shown as a negative value on the balance sheet and additional repurchases cause the figure to decrease further. On the cash flow statement, the share … WebOn May 3, Zirbal Corporation purchased 5,000 shares of its own stock for $45,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $8,500. 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 1 2 Record the purchase ... bnc builders notice