Tamarisk, Inc. is authorized to issue 2,250,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 880,000 shares of stock at $7 per share. Sept. 5 Purchased 28,000 shares of common stock for the treasury at $8 per share. Dec. 6 Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2021. Journalize the transactions for Tamarisk, Inc..
Tamarisk, Inc. is authorized to issue 2,250,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Jan. 15 Issued 880,000 shares of stock at $7 per share. Sept. 5 Purchased 28,000 shares of common stock for the treasury at $8 per share. Dec. 6 Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2021. Journalize the transactions for Tamarisk, Inc..
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10EB: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first...
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Tamarisk, Inc. is authorized to issue 2,250,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions.
Jan. 15 | Issued 880,000 shares of stock at $7 per share. | |
Sept. 5 | Purchased 28,000 shares of common stock for the treasury at $8 per share. | |
Dec. 6 | Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2021. |
Journalize the transactions for Tamarisk, Inc..
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