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Create in journal form the entries necessary to record stock

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Reference no: EM132640749

Question 1: Prepare in journal form the entries necessary to record the following stock transactions of the Hamilton Corp. during 2019.

June 1 Purchased 10,000 shares of its own $8 par Tvalue common stock for $25 per share, the current market price.

June 10 Sold 5,000 shares of treasury stock purchased on June 1 for $23 per share.

June 20 Sold 3,000 shares of treasury stock purchased on June 1 for $20 per share.

July 1 Retired the remaining shares. They originally sold for $15 a share.

Reference no: EM132640749

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