Chapter 13_classDE (2)

Chapter 13_classDE (2) - Chapter13 Problem 13-2B(part 1...

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Chapter 13 Problem 13-2B (part 1 only) Jan. 10 Treasury Stock, Common. ...................................................................... 240,000 Cash. ................................................................................................. 240,000 Purchased treasury stock (20,000 x $12). Mar. 2 Retained Earnings. .................................................................................. 120,000 Common Dividend Payable. ............................................................. 120,000 Declared $1.50 dividend on 80,000 outstanding shares. Mar. 31 Common Dividend Payable. ................................................................... 120,000 Cash. ................................................................................................. 120,000 Paid cash dividend. Nov. 11 Cash* 156,000 Treasury Stock, Common**. ............................................................ 144,000 Paid-In Capital, Treasury Stock***. ................................................. 12,000
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