Solution-Prepare entries in journal form without

Prepare entries in journal form without explanations

Reference no: EM133246899

Blofish Corporation had 150,000 shares of $1 par value common stock outstanding. These shares were sold soon after IPO in March 2010, at $4 per share. The following stock transaction for the year 2018 is given to you

Jun 5: Purchase 20,000 shares of their own common stock for cash at the current market price of $6 per share.

Jun 12: Sold 8,000 shares of Treasury stock for $8 per share

Jun 18: Sold 60,000 shares of Treasury stock for $5 per share

Jun 22: Retired the balance of treasury stock.

Required: Prepare entries in journal form without explanations to record the above transaction

Reference no: EM133246899

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Prepare entries in journal form without explanations

Reference no: EM133246899

Reference no: EM133246899

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