Business, 09.10.2019 23:30 Worksmarter1703

1. a company reported the following stockholders’ equity on january 1 of the current year: common stock, $10 par, 1,000,000 shares authorized, 250,000 shares issued .. $2,500,000 paid-in capital in excess of par, common 1,260,000 retained earnings 1,675,000 total stockholders’ equity ... $5,435,000 prepare journal entries for the following selected transactions related to this company’s stock during the current year: mar. 1 purchased 10,000 shares of treasury stock for $18 per share. may 5 sold 4,000 shares of treasury stock for $16 per share. oct. 12 sold 2,000 shares of treasury stock for $19 per share.

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1. a company reported the following stockholders’ equity on january 1 of the current year: common s...