Sprinkle inc has outstanding 10000 shares of 10 par value, Ask an Expert

Accounting

Sprinkle Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2012, Sprinkle reacquired 102 shares at $87 per share. On September 1, Sprinkle reissued 61 shares at $92 per share. On November 1, Sprinkle reissued 41 shares at $86 per share. Prepare Sprinkle's journal entries to record these transactions using the cost method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9989685

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