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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
Baxter Corporation has 1,000 shares of $5 par value common stock issued and outstanding.

Journalize the following Baxter transactions for 20XX:

Feb.   1   Purchased 200 shares of treasury stock at $6.00.
   20   Declared a $2.00 per share cash dividend payable on March 15
      to stockholders of record March 1.
Mar.   15   Paid the cash dividend.
May   10   Declared a 10% stock dividend. The market value of the stock is $15.00 per share.
May   30   Distributed the stock dividend.
Jun   10   Reissued the treasury stock for $9.00.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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