Prepare journal entries to record treasury stock

Reference no: EM1371191

Record the following given transactions of a company in general journal form:
(a) Reacquired 8,000 of its own $10 par value common stock at $40 cash per share. The stock was originally issued at $15 per share.
(b) Sold 2,000 shares of the stock reacquired under part (a) at $43 cash per share.
(c) Sold 3,000 shares of the stock reacquired under part (a) at $39 cash per share.

Journal Entries:

Date Account Debit Credit
1.

Reference no: EM1371191

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