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Acct 326 Ch.18 HW(revised)

Acct 326 Ch.18 HW(revised) - Jamahl Hill BE18-1 E18-3 P18-3...

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Jamahl Hill BE18-1, E18-3, P18-3, P18-5 BE18-1.) AOCI 50,000,000 Other Comprehensive Income (15,000,000) $35,000,000 E18-3.) 12-Feb Cash 18,000,000 Common Stock 2,000,000 Paid in Capital-excess of par 16,000,000 13-Feb Legal Expenses 360,000 Paid in Capital-excess of par 320,000 Common Stock 40,000 13-Feb Cash 945,000 Common Stock 80,000 Paid in Capital-excess of par common 640,000 Preferred Stock 200,000 Paid in capital-excess of par preferred 25,000 15-Nov Pant, Property, Equipment and Services 3,688,000 Common Stock 380,000 Paid in Capital-excess of par 3,308,000 P18-3.) Part 1. (a) Shares are retired 2/15/2019 Common Stock ($1 * 300,000) 300,000 Paid in Capital-excess of par(5*300,000) 1,500,000 Retained Earnings 600,000 Cash 2,400,000 2/17/2009 Common Stock ($1 * 300,000) 300,000 Paid In Capital-excess of par ($5 * 300,000) 1,500,000 Paid In Capital-Share repurchase 150,000 Cash 1,650,000 11/9/2011 Cash 1,400,000
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Common Stock (par) 200,000 Paid in Capital 1,200,000 (b) Account for as Treasury Stock 2/15/2009 Treasury Stock 2,400,000 Cash 2,400,000 2/17/2009 Treasury Stock 1,650,000 Cash 1,650,000 11/9/2011 Cash 1,400,000 Retained Earnings 200,000 Treasury Stock 1,600,000 Part 2. (a) Shares are Retired National Supply Balance Sheet (Shareholder's Equity Section) For Years Ended December 31 Retired Treasury Shareholder's Equity
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