Mathematics, 31.01.2022 17:10 marioh620
2. Curtis Corporation's balance sheet included the following:
Common Stock, $5 par value, 5,000 shares issued
and outstanding
$25,000
Retained Earnings
20,000
Total Stockholders' Equity
$45,000
Prepare journal entries for the following transactions.
May 3 Issued 500 shares at $6 per share
9 Reacquired 100 shares at $4 per share
15 Reissued 50 of the Treasury shares at $7 per share
17 Reissued 10 of the Treasury shares at $3 per share
Answers: 1
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2. Curtis Corporation's balance sheet included the following:
Common Stock, $5 par value, 5,000 sh...
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