On April 2 a corporation purchased for cash 5,000 shares of its own $15 par...
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On April 2 a corporation purchased for cash 5,000 shares of its own $15 par common stock at $28 a share. It sold 3,000 of the treasury shares at $31 a share on June 10. The remaining 2000 shares were sold on November 10 for $24 a share.
On April 2 a corporation purchased for cash 5,000 shares of its own 15 par common stock at $28 a share. It sold 3,000 of the treasury shares at $31 a share on June 10. The remaining 2000 shares were sold on November 10 for $24 a share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost) Apr. 2 Treasury Stock Cash Feedback Check My Work Partially correct b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank or enter "o" Jun. 10 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock Nov. 10 CashY Paid-In Capital from Sale of Treasury Stock Treasury Stock
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