1. Agee Storage issued 35 million shares of its $1 common stock at $16...
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Accounting
| 1. | Agee Storage issued 35 million shares of its $1 common stock at $16 a share on July 1, 2006 | ||||||||||||
| Agee reacquired to retire 1 million shares at $14 a share on September 12, 2006. | |||||||||||||
| Agee reacquired 4 million shares as treasury stock at $11 a share on October 7, 2006 | |||||||||||||
| Agee issued 3 million shares of treasury stock at $8.50 a share on November 1, 2006 | |||||||||||||
| Record all of the applicable general journal entries and post to T-Accounts | |||||||||||||
| (check figure: after all entries have been recorded - APIC account = (510,000,000) & Treasury Stock = 11,000,000) | |||||||||||||
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