Homework answers / question archive / Goldberg Corporation had the following equity accounts on January 1, 2014: Shares Capital Shares Capital-Ordinary (100,000 shares issues at 53 par value) $300,000, Shares Premium-Ordinary $100,000, and retained earnings $150,000

Goldberg Corporation had the following equity accounts on January 1, 2014: Shares Capital Shares Capital-Ordinary (100,000 shares issues at 53 par value) $300,000, Shares Premium-Ordinary $100,000, and retained earnings $150,000

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Goldberg Corporation had the following equity accounts on January 1, 2014: Shares Capital Shares Capital-Ordinary (100,000 shares issues at 53 par value) $300,000, Shares Premium-Ordinary $100,000, and retained earnings $150,000. The company had the following treasury shares transactions, 1. June 1Purchased 10,000 shares for cash at $12 per share. 2. July 1 Sold 3,000 treasury shares for cash at $14 per share, The correct Journal on July, 1 42,000 Treasury Shares Shares Premium-treasury shares 6,000 36,000 Casti 42,000 Treasury Shares 42,000 120,000 Treasury Shares Cashi 120,000 42,000 0 Cash Treasury Shares Shares Premium-treasury shares 36,000 6,000