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EXERCISE 15-9 - 300,000 15 Treasury Stock 14,000 Cash...

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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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