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Exercise 12-9 Treasury Stock Transactions
The following stock transactions of DeMeo Corporation represent all of the company's treasury stock transactions during 2014:
| May | 5 | Purchased 800 shares of its own $2 par value common stock for $20 per share, the current market price. |
| | 17 | Sold 300 shares of treasury stock purchased on May 5 for $22 per share. |
| | 21 | Sold 200 shares of treasury stock purchased on May 5 for $20 per share. |
| | 28 | Sold the remaining 300 shares of treasury stock purchased on May 5 for $19 per share. |
Record DeMeo Corporation's stock transactions using T accounts. If an amount is zero, enter "0".
| Cash |
| SelectMay 5May 17Item 1 | | SelectMay 5May 17May 21May 28Item 3 | |
| SelectMay 5May 21Item 5 | | | |
| SelectMay 5May 28Item 7 | | | |
| Bal. | | | |
| Treasury Stock, Common |
| SelectMay 5May 17May 21May 28Item 10 | | SelectMay 5May 17Item 12 | |
| | | SelectMay 5May 21Item 14 | |
| | | SelectMay 5May 28Item 16 | |
| Bal. | | | |
| Paid-in Capital, Treasury Stock |
| SelectMay 5May 17May 21May 28Item 19 | | SelectMay 5May 17May 21May 28Item 21 | |
| | | Bal. | |
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