Business, 27.02.2020 22:55 teasleycarl53

Concord Inc. has outstanding 13,100 shares of $10 par value common stock. On July 1, 2020, Concord reacquired 114 shares at $89 per share. On September 1, Concord reissued 61 shares at $94 per share. On November 1, Concord reissued 53 shares at $85 per share. Prepare Sprinkle.

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Answer from: janiya73

There convincing indications in the questions that suggest that the requirement is to prepare journal to record the transactions.

Find all the journal entries in the explanation section below

Explanation:

The re-acquisition of 114 shares on July 1,2020, gave rise to the below journal

Dr treasury stock(114*$89) $10146

Cr Cash $10146

Being payment made for stocks reacquired

The issuance of 61 shares at the price of $94 each gave rise to the below journal:

Dr Cash $5734

Cr Treasury stock($89*61) $5429

Cr paid-in capital $305

Being receipt of cash on shares issued

The issuance of additional shares on November 1,2020,gave rise to below journal:

Dr Cash(53*$85) $4505

Dr Paid-in capital ($89-$85)*53 $212

Treasury stock $4717

Being receipt of cash on shares issued

Answer from: Quest

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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Concord Inc. has outstanding 13,100 shares of $10 par value common stock. On July 1, 2020, Concord r...

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