Journalize the following transactions of Aliant Productions: Jan 17 Issued 2,200 shares of $2.50 par common stock

Question:

Journalize the following transactions of Aliant Productions:
Jan 17 Issued 2,200 shares of $2.50 par at $10 per share.
May 23 Purchased 300 shares of treasury stock at $12 per share.
Jul 11 Sold 200 shares of treasury stock at $20 per share.
What was the overall effect of these transactions on Aliant’s stockholders equity?

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...