Problem #4 (9 points): A company reported the following stockholders' equity on January 1 of...
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Accounting
Problem #4 (9 points): A company reported the following stockholders' equity on January 1 of the current year Common stook, $10 par, 1,000,000 shares authorized, 400,000 shares issued. $4,000,000 Paid-in capital in excess of par, common... 1,200,000 Retained earnings1.600,000 Total stockholders' equity$6,800,000 Prepare journal entries for the following selected transactions related to this company's stock during the current year: Mar. 1 May 5 Oct. 12 Purchased 10,000 shares of treasury stock for $17 per share. Sold 4,000 shares of treasury stock for $16 per share Sold 2,000 shares of treasury stock for $18 per share
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