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  3. coronado inc has outstanding 15000 shares of 10 par value...

Question: coronado inc has outstanding 15000 shares of 10 par value...

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Coronado Inc. has outstanding 15,000 shares of $10 par value common stock. On July 1, 2017/, Coronado reacquired 108 shares at $8/ per share. On September 1, Coronado reissued 63 shares at $91 per share. On November 1, Coronado reissued 45 shares at $84 per share. Prepare Coronados journal entries to record these transactions using the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit

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