On january 1, 2020, the stockholders' equity section of cheyenne corp. shows common stock ($4 par value) $1,200,000; paid-in capital in excess of par $1,070,000; and retained earnings $1,220,000. during the year, the following treasury stock transactions occurred.
mar.1 purchased 47,000 shares for cash at $15 per share.
july.1 sold 10,000 treasury shares for cash at $17 per share.
sept.1 sold 8,500 treasury shares for cash at $14 per share.
a. restate the entry for september 1, assuming the treasury shares were sold at $11 per share.

The Journal entries are as follows:

On September 1,

(a) Cash A/c [8,500 × $14]                          Dr. $119,000

Excess of paid in capital A/c [8,500 × $1] Dr. $8,500

To treasury stock                                                               $127,500

(To record the treasury shares for cash)

(b) Cash A/c [8,500 × $11]       Dr. $93,500

Excess of paid in capital A/c  Dr. $20,000

Retained earnings A/c            Dr. $14,000

To Treasury stock                                                              $127,500

(To record the restate entry for September 1)

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

answer; exemplars;