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Journalizing issuance of stock and treasury stock transactions
Stock transactions for Careful Driving School, Inc. follow:
Mar. 4 Issued 22,000 shares of $1 par value common stock at $18 per share.
May 22 Purchased 1,400 shares of treasury stock-common at $11 per share. Sep. 22 Sold 500 shares of treasury stock-common at $24 per share.
Oct. 14 Sold 900 shares of treasury stock-common at $9 per share.
Journalize the transactions.
Payment of a trade account payable of $64,500 would - Have no effect on the current and acid-test ratios.
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question at the starting of its 2010 calendar-year accounting period abc inc. had retained earnings of 1500000. through
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