Business, 04.03.2020 19:24 vDxrk

Rief Exercise 15-09Bonita Corporation has outstanding 20,000 shares of $5 par value common stock. On August 1, 2020, Bonita reacquired 190 shares at $79 per share. On November 1, Bonita reissued the 190 shares at $70 per share. Bonita had no previous treasury stock transactions. Prepare Bonita’s journal entries to record these transactions using the cost method.

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Rief Exercise 15-09Bonita Corporation has outstanding 20,000 shares of $5 par value common stock. On...

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