Acc311Chapter 15 Demonstration File

Acc311Chapter 15 Demonstration File -...

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Chapter 15 Demonstration File Much of the material in Chapter 15 should be familiar to you. Please  attempt the WileyPlus assignments to identify areas of strength and  weakness in your review and raise questions in class if you have them.  Presented below are suggested solutions to the assigned problems, 15-2  and 15-3. Problem 15-2 covers Treasury Stock transactions, a tropic that is  most likely less familiar to you. Please attempt the problems on your own  first and then use the solution to determine how well you understand the  points from the chapter. If necessary, redo the problems at a later time to  gain a stronger grasp of the subject. We will devote class time to these  items as well so be prepared to raise questions and/or to participate in the  discussion. PROBLEM 15-2 (a) Feb. 1 Treasury Stock ($19 X 2,000). ................ 38,000 Cash. ............................................... 38,000 Mar. 1 Cash ($17 X 800). ..................................... 13,600 Retained Earnings ($2 X 800). ................ 1,600 Treasury Stock ($19 X 800). .......... 15,200
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This note was uploaded on 10/25/2009 for the course ACC 311 taught by Professor Symms during the Fall '09 term at St. Johns Duplicate.

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Acc311Chapter 15 Demonstration File -...

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