A Company's Only Treasury Stock Transactions for the Current Year

question 191

Essay

A company's only treasury stock transactions for the current year are as follows: (1)1,000 shares of its common stock were purchased on June 1 for $40,000; (2)On July 1 it reissued 500 of these shares at $45 per share; (3)On August 1 it reissued the 500 remaining treasury shares at $38 per share.
1)Prepare the journal entries required to record these transactions.
2)Calculate the balance in Contributed Capital,Treasury Stock,on September 1 assuming its beginning-year balance is zero.

Recognize common approaches and reactions to implementing change within organizations.

Explain the significance of BATNA in negotiations and its role in determining negotiation outcomes.

Identify strategies for managing and overcoming resistance to change in organizational settings.

Understand the process of negotiation including the development of alternative deal packages and finding common ground.

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Definitions:

Reseller Market

A market wherein goods or services are purchased for the purpose of resale rather than personal use.

Government Market

A market segment where the main customer is any government entity, purchasing products or services for public service.

Organizational Buyer

An organization that purchases goods or services for its own use or for further production, including companies, governments, and institutions, not individual consumers.

Janitorial Services

Services provided to maintain cleanliness and upkeep of buildings and facilities.