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  3. 5. sprinkle inc. has outstanding 10,000 shares of

5. Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July...

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Accounting

5. Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2025, Sprinkle reacquired 100 shares at $87 per share. On September 1, Sprinkle reissued 60 shares at $90 per share. On November 1, Sprinkle reissued 40 shares at $83 per share. Prepare Sprinkle's journal entries to record these transactions using the cost method. (12 pts)
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Sprinkle Inc, has outstanding 10,000 shares of $10 par value common stock. On July 1, 2025. Sprinkle reacquired 100 shares at $87 per share, On September I. Sprinkle reissued 60 shares at $90 per share. On November 1, Sprinkle reissued 40 shares at $83 per share. Prepare Sprinkle's joumal entries to record these transactions using the cost method. (12 pts)

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