Whispering Winds Corporation purchased 3,800 shares of its $ 10 par value common stock for $250,800 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,280 shares of treasury stock for cash at $74 per share. Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

Whispering Winds Corporation purchased 3,800 shares of its $ 10 par value common stock for $250,800 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,280 shares of treasury stock for cash at $74 per share. Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 5MC: Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par...

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