On april 2 a corporation prchased for cash 5000 shares of

Reference no: EM13602705

On April 2, a corporation prchased for cash 5,000 shares of its own $10 par common stock at $26 a share. They sold 3,000 of the treasury shares at $29 a share on June 15th. The remaining 2,000 shares were sold on Nov. 10th for $22 a share.
(a) Journalize the entries to record the purchase
(b) Journalize the entries to record the sale of the stock

Reference no: EM13602705

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