Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2020, 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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2020, Sprinkle reacquired 100 shares at $87 per ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following appears to be the most appropriate goal for corporate management? a. Maximizing the company's market share b. Maximizing the market value of the company's shares c. Minimizing the company's liabilities d.
Answers (1)
Brad buys a tablecloth from a department store. When he gets it home, he finds that the color does not go well in his dining room. Brad tries to return the tablecloth, but the store does not accept the return because Brad does not have his receipt.
Answers (1)
Assume yourself as a Marketing Specialist of a Company and Determine the New Product Development Process by manufacturing a New Product for your company.
Answers (1)
The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 2017 Dec. 7. Received from Unitarian Clothing & Bags Co., on account, a $75,000, 60-day, 3% note dated December 7. 31.
Answers (1)
An ordered system of processing and reporting information in an organization is called: O marketing information system (MIS). marketing intelligence system (MIS). computerized intelligence system (CIS). management information system (MIS).
Answers (1)
New Questions in Business
The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 400 dollars per month.
Answers (1)
Frito-Lay produces more than 20 varieties of chips. Suppose a retail store offers to stock five of Frito-Lay chips products in each store across the country.
Answers (1)
Which would not be considered as capital by an economist? a crane used by a building contractor an automobile used by General Electric a share of corporate stock issued by General Motors a razor used by a barber
Answers (1)
An example of an institutional coi is: the organization gives scholarships to some post-doctoral researchers an industry sponsor pays for the construction of a new research laboratory at the organization one of the organization's deans is the
Answers (1)
Scenario:Ed is the proud new owner of a flower shop. His most popular arrangement sells for $45. Ed has determined that the cost of materials for this flower arrangement is $5.
Answers (1)