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DedPeter [7]
3 years ago
6

During 2019, Globe Life Corporation had following transactions affecting stockholders' equity: a. Feb. 1 Repurchased 230 shares

of the company's own common stock at $22 cash per share. b. Jul. 15 Sold 130 of the shares purchased on February 1 for $23 cash per share. c. Oct. 1 Sold 100 of the shares purchased on February 1 for $21 cash per share.
Business
1 answer:
natali 33 [55]3 years ago
5 0

Answer:

The requirement of question is prepare journal entries for each of above transaction; It is assumed that par value of each share is $1

Explanation:

Feb 1.

Common Stocks  230*1                           Dr.$230

Paid in capital in excess of par 230*(22-1)  Dr.$4,830

Cash 230*22                      Cr.$5,060

b. Jul 15

Cash 130*23    Dr.$ 2,990

Common Stocks 130*1     Cr.$130

Paid in capital  in excess of par 130*(23-1) Cr.$2,860

c.Oct 1

Cash 100*21             Dr.$2,100

Common Stocks 100*1            Cr.$100

Paid in Capital in excess of par 100*(21-1) Cr.$2,000

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XYZ Company produces a significant daily amount of electronic waste. The company disposes the waste into the ocean despite stric
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Answer:

Legal responsibility

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Marizza181 [45]

Answer:

1- smartphone

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Option A

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7) Dynozz Corporation currently produces cardboard boxes in an automated process. Expected production per month is 15,000 units,
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Answer:

Instructions are below.

Explanation:

Giving the following information:

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Fixed costs= 15,000

Total cost= $22,500

8 0
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