Business, 25.04.2020 03:26 andres2865

Treasury Stock Pomona Corporation issued 60,000 shares of $3 par value common stock at $21 per share and 9,000 shares of $30 par value, ten percent preferred stock at $85 per share. Later, the company purchased 2,000 shares of its own common stock at $23 per share. a. Prepare the journal entries to record the share issuances and the purchase of the common shares.

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Treasury Stock Pomona Corporation issued 60,000 shares of $3 par value common stock at $21 per share...

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