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During 2013, the following selected transactions affecting stockholders' equity occurred for Corner Corporation:
Issued 60 more of the shares purchased on February 1 for $15 cash per share.
1) Indicating the account, amount, and direction of the effect (+ for increase and ? for decrease) for the above transactions.
2) Prepare the indicated journal entries for each of the transactions (a) record the purchase of 400 shares of previously issued common stock for a price of $20 per share (b) record the re-insurance of 100 shares of treasury stock previously purchased for a price of $20 per share and sold for a price of $30 per share (c) record the re-insurance of 60 shares of treasury stock previously purchased for a price of $20 per share and sold for a price of $15 per share
On June 1, 2002, a company purchased on the open market $20,000 of a company's non-convertible (or convertible) bonds (2% of $1,000,000 bonds outstanding) at a price of "60" ($12,000 cash) plus accrued interest.
a company had a very successful year in 2013. based on a 200 average unit selling price monthly sales during 2013 were
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