Course Sched t Your eBay She t shea moisture Shea Moistur Cengage Cengagerx ( Ch

Question

Course Sched t Your eBay She t shea moisture Shea Moistur Cengage Cengagerx ( Chegg Study News Dashb LT X v2 cengagenow.com/ilm Assignmentain do?invoker-assignments takeAssignmen Session cator-assignment-takem Ch 13-2 Practice Exercises eBook Show Me How Calculator Print item Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 7,500 shares of its common stock at $52 per share. On August 3, Let Loose sold 4,700 of the reacquired shares at $55 per share. November 14, Let Loose sold the remaining shares at $51 per share Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank 1. PE. 13-01.ALGO 2. PE.13-02.ALGO 3. PE.13-03.ALGO 4. PE. 13-04.ALGO May 27 5. PE.13-05.ALGO 6. PE.13-06.ALGO Aug. 3 7. PE. 13-08.ALGO 8. PE.13-07.ALGO Nov. 14 Check My Work 2 more Check My Work uses remalning Previous Next Progress: 5/8 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading Type here to search 12:10 PM 3/4/2018 26

Explanation / Answer

27-May Treasury stock 390000 =7500*52         Cash 390000 3-Aug Cash 258500 =4700*55       Treasury stock 244400 =4700*52       Paid in capital-Treasury stock 14100 14-Nov Cash 142800 =(7500-4700)*51 Paid in capital-Treasury stock 2800       Treasury stock 145600

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