Write the journal entry for each item: 1. Ariel Inc. purchases 2,000 shares of its $50 par value common stock for $180,000 cash on June 1. It will hold the shares in the treasury until resold. 2. On November 1, the corporation sells 1,000 shares of treasury stock for cash at $100 per share. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Miracle Research Labs issued 3,000, 7%, $1,000 bonds dated January 1, 2022, at 100. Interest is paid each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2022. Then prepare the adjusting journal entry on December 31, 202, to record interest expense. Then prepare the journal entry on January 1, 2023, to record interest paid. For the tanther arner ALT+F10/F AI TENA10(Mac Red, White & Blue Inc. issued $500,000, 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds is $496,000, the company redeems the bonds at 98. Prepare the entry to record the redemption of the bonds. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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