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View Policies Current Attempt in Progress On January 1, 2022, the stockholders' equity section of...

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Accounting

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View Policies Current Attempt in Progress On January 1, 2022, the stockholders' equity section of Kingbird, Inc. shows common stock ($5 par value) $1,500,000, paid in capital in excess of par $1,100,000; and retained earnings $1,240,000. During the year, the following treasury stock transactions occurred. Mar 1 July 1 Purchased $1.000 shares for cash at $15 per share. Sold 11,000 treasury shares for cash at $17 per share. Sold 9,500 treasury shares for cash at $14 per share, Sept 1 (a) Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Sept. 1 eTextbook and Media List of Accounts Attempts: 0 of 10 used Submit Answer Save for Later

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