On January 1, 2017, Vidalia Company issued 30,000 shares of $2 par value common stock...
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On January 1, 2017, Vidalia Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2017, the company purchased 6,000 shares of its common stock for $8 per share for the treasury. On June 1, 2017, 1,500 of the treasury shares are sold for $10 per share. On September 1, 2017, 3,000 treasury shares are sold at $6 per share. Journalize the stock transactions of Vidalia Company in 2017. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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Debit Credit Date Account Titles and Explanation e. 1
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