Prepare the entries in journal form necessary to record the

Reference no: EM13573443

Prepare the entries in journal form necessary to record the stock transactions for corporation. these transactions represents all treasury stock tranactions entered into by the company. (Omit explanations).

June 1. Purchased 2,000 shares of its own $30 par value common stock for $105 per share, the current market price.

10. Sold 500 shares of treasury stock purchased on June 1 for $120 per share.

20. Sold 700 shares of treasury stock purchased on June 1 for $87 per share.

30. Retired the remaining shares purchased on June 1. The original issue price was $63 per share.

General Journal

Date: Descrption Debit Credit

Reference no: EM13573443

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