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Do Secure https://www.mathxl.com/Student/PlayerHomework aspx?homeworkld-465651522&questionld-7;&flushed-false;&cld-48501088centerwin-yes; ACC 102 01 SP18 abdullah aliyu1 3/25/18 10:2 Homework: Chapter 6 Graded Homeworlk 4 of 9 (1 complete) Score: 0 of 12 pts HW Score: 12%, 120 E13-25 (similar to) Mountain Amusements Corporation had the following stockholders' equity on November 30: EB (Click the icon to view the stockholders' equity.) On December 30, Mountain purchased 125 shares of treasury stock at $9 per share Read the reguirements uirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Data Table 1 Requirements Stockholders' Equity 1. Journalize the purchase of the treasury stock. 2. Prepare the stockholders' equity section of the balance sheet at December 31 Paid-In Capital: 2018. Assume the balance in retained earnings is unchanged from November 30. Common Stock-$5 Par Value; 1,300 shares authorized, 150 shares issued and outstandings Paid-in Capital in Excess of Par-Common Total Paid-In Capital 3. How many shares of common stock are outstanding after the purchase of 2,250 3,000 59,000 $ 62,000 treasury stock? Print Done Retained Earnings Total Stockholders' Equity Print Done any list or enter any number in the input fields and then click Check Answer Clear AllExplanation / Answer
1)
2)
3)Number of shares outstanding after repurchase = 150-125 = 25 shares
Date Account Debit credit Dec 30 Treasury stock 1125 cash 1125 [shares repurchased 125*9]Related Questions
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