EXERCISE 15-9 - ......... 300,000 15 Treasury Stock.

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EXERCISE 15-9 (15–20 minutes) May 2 Cash. ................................................................ 192,000 Common Stock (12,000 X $10). .............. 120,000 Paid-in Capital in Excess of Par— Common Stock (12,000 X $6). ............ 72,000 10 Cash. ................................................................ 600,000 Preferred Stock (10,000 X $30). ............. 300,000 Paid-in Capital in Excess of Par— Preferred Stock (10,000 X $30).
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Unformatted text preview: ......... 300,000 15 Treasury Stock. ............................................... 14,000 Cash. ......................................................... 14,000 31 Cash. ................................................................ 8,500 Treasury Stock (500 X $14). ................... 7,000 Paid-in Capital from Treasury Stock (500 X $3). .................................. 1,500...
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This note was uploaded on 04/22/2010 for the course ACCT ACC552 taught by Professor Hint during the Spring '09 term at Keller Graduate School of Management.

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