treasury stock transactions

(Learning Objectives 2, 3: Account for issuance of stock; show how treasury stock transactions affect stockholders’ equity) Journalize the following transactions of Alameda Productions:
Jan 21 Issued 1,800 shares of $1.25 par common stock at $13 per share.
Jun 23 Purchased 500 shares of treasury stock at $15 per share.
Jul 12 Sold 400 shares of treasury stock at $22 per share.
What was the overall effect of these transactions on Alameda- stockholders’ equity?
2) E10-25A
(Learning Objectives 2, 3, 4: Account for issuance of stock; show how treasury stock affects a company; account for dividends) At December 31, 2012, Blumenthal Corporation reported the stockholders’ equity accounts shown here (with dollar amounts in millions, except per-share amounts).
Common stock $3.00 par value per share, 2,400 million shares issued ...................................$7,200
Capital in excess of par value.......................................7,200
Retained earnings.............................................................290
Treasury stock, at cost..................................................... (80)
Total stockholders equity........................................$14,610
Blumenthal- 2013 transactions included the following:
a. Net income, $450 million b. Issuance of 22 million shares of common stock for $14.00 per share c. Purchase of 9 million shares of treasury stock for $18 million d. Declaration and payment of cash dividends of $32 million
â–¶ Requirement
1. Journalize Blumenthal- transactions in b, c, and d. Explanations are not required.

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