me on my this problem Transcribed Image Text: 2. The following information is provided by the LG Group of Companies. Ordinary Shares, 20,000 shares at par Excess of issue price

me on my this problem Transcribed Image Text: 2. The following information is provided by the LG Group of Companies.
Ordinary Shares, 20,000 shares at par
Excess of issue price over par
Total
$900,000
$200,000
$1,100,000
a. Determine the par value of the ordinary stock.
b. Determine the market value of the ordinary stock.
c. The company purchased 1,700 shares of treasury stock from Chedrol Co at $65 each. Prepare the journal entry to
record the purchase of treasury stock.
Date
Details
F
DR
CR
d. The company sold 1,000 of treasury stock to Lincoln Industries for $75 each. Prepare the journal entry to record the
sale of treasury stock.
Date
Details
F
DR
CR
The
sold 300 treasury stocks for $50 each. Prepare the journal entry to record the sale of treasury stock.
e.
company
Date
Details
F
DR
CR
f. The company sold 200 treasury stocks for $65 each. Prepare the journal entry to record the sale of treasury stock.
Date
Details
DR
CR

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