Journalize the following transactions a Janson Co acquired 200 shares of its own $5 par value common stock at $20 per share b Twenty five of the treasury shares are reissued at $25 per share c Thirty of the treasury shares are reissued at $10 per share ...

ATreasury Stock 4000 Cash 4000 BCash 625 Treas ...

Journalize the following transactions: a. Janson Co. acquired 200 shares of its own $5 par-value common stock

Question:

Journalize the following transactions:
a. Janson Co. acquired 200 shares of its own $5 par-value at $20 per share.
b. Twenty-five of the treasury shares are reissued at $25 per share.
c. Thirty of the treasury shares are reissued at $10 per share.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...