1 treasurystockse 60000 casha 60000 purchasedtreasury

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Unformatted text preview: Reissued treasury stock. 18,000 Cash (+A) Additional Paid­In Capital, Treasury Stock (–SE) Retained Earnings (–SE) Treasury Stock (+SE) Reissued treasury stock. 5,000 3,000 7,000 125,000 375,000 60,000 45,000 15,000 3,000 15,000 E12–5 b. Concluded Preferred stock ($8 par value, 5,000 shares outstanding) Common stock ($5 par value, 25,000 shares issued, 24,000 shares outstanding) Additional paid­in capital Retained earnings Treasury stock Total stockholders' equity $ 60,000 125,000 375,000 493,000 (15,000) $ 1,038,000 E12–6 a. (1 ) Treasury Stock (–SE) 60,000 Cash (–A) 60,000 Purchased treasury Cash (+A) Retained Earnings (–SE) 10,000 20,000 Treasury Stock (+SE) 30,000 stock. (2 ) Reissued treasury stock as compensation. Note: Depending upon the terms of the employees' compensation package, it may be more appropriate to debit Compensation Expense for $20,000 rather than debiting Additional Paid­In Capital for $20,000. (3 ) Cash (+A) 33,000 Treasury Stock (+SE) 30,000 Additional Paid­In 3,000 Capital,...
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This homework help was uploaded on 03/03/2014 for the course ACCT 5053 taught by Professor Staff during the Fall '08 term at Oklahoma State.

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