Reference no: EM132827646
Question - The data below are from the December 31, 2019, balance sheet of the Sunshine Corporation:
Common stock, no par, 2,000 shares issued and outstanding $300,000
Retained earnings 75,000
During 2020, the following transactions and events affecting corporate capital occurred:
Jul. 16 Purchased 400 shares of treasury stock at $175 per share.
Aug. 01 Declared 2 for 1 stock split on the common stock.
Sep. 23 Purchased 200 shares of common stock at $72 per share and immediately retired the common stock.
Oct. 3 Sold 150 shares of the treasury stock purchased on Jul. 16 at $81 per share.
Required - Provide all the entries for 2020 required to record the above transactions.
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