The company sold assets previously revalued by 150 through revaluation reserve. dt asset 150 ct revaluation reserve 150

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 6MCQ: Ames Corporation repurchases 10,000 shares of its common stock for $12 per share. The shares were...
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I wanna know the transaction of dt ct sides .

1.The company sold assets previously revalued by 150 through revaluation reserve.

dt asset 150 ct revaluation reserve 150

2.the company issued to shareholders 100 shares at a nominal value of 1 and issue price of 4.

I do not know this transaction.

3.The company purchased on deferred payment shares of X company for immediate sale 50 shares at a value of 5 per share and commission of 1 per share.

dt short term investment 300 ct liabilities 300 ( I am considering if ct : deferred cost) 

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