The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
On January 1, the company was formed and was authorized to issue 150000 shares of $1 par value common stock
On Jan.2 , 45000 shares were issued for $12 per share
On Jan 27, company issued 1:3 reverse stock split
On March 15, company issued and distribute a 4% stock dividend, when the shares were valued at $15 per share.
O June 30, company declare a cash dividend of $0.40, payable to share holder to be paid on July 25.
On August 10, the company purchase 1,550 share of common stock outstanding at $9.00 per share and retires the share.
1) prepare the general journal entries necessary to these transactions.
2) How many shares were ousting as of December 31, 2017
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