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Record the entry on september

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Recording Treasury Stock Transactions

On January 2, 2020, Liberty Corporation was authorized to issue 300,000 shares of $5 par value common stock. Liberty issued 60,000 shares of common stock on January 15, 2020, at $15 per share.

Problem a. Record the entry on June 30, 2020, for purchase of 6,600 common shares for the treasury at $18 per share.

Problem b. Record the entry on September 20, 2020, for sale of 2,400 treasury shares at $21 per share.

Problem c. Record the entry on November 3, 2020, for sale of 1,500 treasury shares at $17 per share.

Problem d. Record the entry on December 15, 2020, for sale of 1,200 treasury shares at $13 per share.

Reference no: EM132672545

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