(Show ALL your work and round all numbers to the nearest dol…
(Show ALL your work and round all numbers to the nearest dollar). Agler Corporation’s beginning of year balance sheet reported the following: Common stock (10,000 shares issued & outstanding, $5 par) $ 50,000 Paid-in capital in excess of par (APIC-C/S) 160,000 Retained earnings 100,000 The following transactions occurred this year: February 1: Purchased 500 shares of capital stock to be held as treasury stock, paying $45 per share. May 1: Reissued 200 of the shares of treasury stock at $48 per share. September 1: Reissued 100 shares of treasury stock at $23 per share. December 1: Announced a 2-for-1 split, effective December 1. Required: 1.Prepare the journal entries for each transaction under the cost method of accounting for treasury stock. 2/1: dr. [BLANK-1] for [BLANK-2] cr. [BLANK-3] for [BLANK-4] 5/1: dr. [BLANK-5] for [BLANK-6] cr. [BLANK-7] for [BLANK-8] cr. [BLANK-9] for [BLANK-10] 9/1: dr. [BLANK-11] for [BLANK-12] dr. [BLANK-13] for[BLANK-14] dr. [BLANK-15] for [BLANK-16] cr. [BLANK-17] for [BLANK-18] 12/1: [BLANK-19] 2.At end of year, what is the Number of shares of common stock outstanding is [BLANK-20] shares Par value per common stock is [BLANK-21] per share. Remaining balance ($) in Treasury stock is [BLANK-22]
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