MindTap - Cengage Learning CengageNOWv2 | Online teachin x 9 Cengage Learning b Answered: CengageNOWv2| Onli x i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Ch 13-2 Practice Exercises E Calculator eBook Show Me How Print Item Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 6,700 shares of its common stock at $42 per share. On August 3, Kick Off sold 3,500 of the reacquired shares at $45 per share. November 14, Kick Off sold the remaining shares at $41 per share. Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank. May 27 Treasury Stock v 281,400 Cash v 281,400 Aug. 3 Cash 157,400 X Treasury Stock v 147,000 Paid-In Capital from Sale of Treasury Stock v 10,400 х Cash v Nov. 14 131.200 Paid-In Capital from Sale of Treasury Stock v 3,200 Treasury Stock v 134,400 Feedback Check My Work Check My Work 1 more Check My Work uses remaining. Previous Next Assignment Score: 58.42% All work saved. Save and Exit Submit Assignment for Grading 2:48 PM e Type here to search 2/24/2020

Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter3: Electronic Business (e-business) systems
Section: Chapter Questions
Problem 6P: Explain how EDM has been (or could he) used in your AIS class to eliminate all paper flow between...
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I'm not sure if I did my calculations correctly for Aug 3.

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Ch 13-2 Practice Exercises
E Calculator
eBook
Show Me How
Print Item
Entries for Treasury Stock
On May 27, Kick Off Inc. reacquired 6,700 shares of its common stock at $42 per share. On August 3, Kick Off sold 3,500 of the reacquired shares at $45 per share. November 14, Kick Off sold the remaining shares at $41 per
share.
Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank.
May 27 Treasury Stock v
281,400
Cash v
281,400
Aug. 3
Cash
157,400 X
Treasury Stock v
147,000
Paid-In Capital from Sale of Treasury Stock v
10,400
х
Cash v
Nov. 14
131.200
Paid-In Capital from Sale of Treasury Stock v
3,200
Treasury Stock v
134,400
Feedback
Check My Work
Check My Work 1 more Check My Work uses remaining.
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Transcribed Image Text:MindTap - Cengage Learning CengageNOWv2 | Online teachin x 9 Cengage Learning b Answered: CengageNOWv2| Onli x i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Ch 13-2 Practice Exercises E Calculator eBook Show Me How Print Item Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 6,700 shares of its common stock at $42 per share. On August 3, Kick Off sold 3,500 of the reacquired shares at $45 per share. November 14, Kick Off sold the remaining shares at $41 per share. Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank. May 27 Treasury Stock v 281,400 Cash v 281,400 Aug. 3 Cash 157,400 X Treasury Stock v 147,000 Paid-In Capital from Sale of Treasury Stock v 10,400 х Cash v Nov. 14 131.200 Paid-In Capital from Sale of Treasury Stock v 3,200 Treasury Stock v 134,400 Feedback Check My Work Check My Work 1 more Check My Work uses remaining. Previous Next Assignment Score: 58.42% All work saved. Save and Exit Submit Assignment for Grading 2:48 PM e Type here to search 2/24/2020
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