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  3. boston, inc. is authorized to issue 250,000 shares

Boston, Inc. is authorized to issue 250,000 shares of $5 par value common stock transactions...

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Accounting

Boston, Inc. is authorized to issue 250,000 shares of $5 par value common stock transactions :
Jan. 15 - Issued 20,000 shares of stock at $20 per share
July. 5 - Purchased 1,000 shares of its own $5 per value common stock for $25 per share
July. 10 - Declared a dividend of $0.50 per share. The dividend is to be paid on August 1 to all shareholders of record on July 26.
Aug. 1 - Paid the cash dividend
Aug. 17 - Sold 500 shares of treasury stock purchased for $29 per share
Oct. 28 - Sold the remaining shares of treasury stock purchased for $10 per share
Nov. 15 - Issued 2,000 shares of common stock in exchange for a vehicle. At that time, the stock was selling dor $17 per share and the market value of the vehicle was $38,000.
On the form provided, journalize the transactions for Boston, Inc. Omit explanations
image
Styles Date Account Titles Debit Credit

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