On January 1, 2010, Fairly Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2010, the company purchased 6,000 shares of its common stock for $8 per share for the treasury. On June 1, 2010, 1,500 of the treasury shares are sold for $10 per share. On September 1, 2010, 3,000 treasury shares are sold at $6 per share.
Instructions
Journalize the stock transactions of Fairly Company in 2010.
Correct Answer:
Verified
Q173: Randolph Corporation issued 5,000 shares of stock.
Instructions
Prepare
Q174: The following items were shown on the
Q175: Tyler Corporation has 100,000 shares of $40
Q176: An inexperienced accountant for Otto Corporation made
Q177: Carson Corporation has the following capital stock
Q177: 1.Name at least three factors that influence
Q179: The stockholders' equity section of Ankiel Corporation's
Q181: If a corporation's stock is traded on
Q191: Par value of stock represents the _
Q197: A corporation's own stock that has been
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents