On October 3, Valley Clothing Inc. reacquired 10,000 shares of its common stock at $9 per share.

Question:

On October 3, Valley Clothing Inc. reacquired 10,000 shares of its at $9 per share. On November 15, Valley Clothing sold 6,800 of the reacquired shares at $12 per share. On December 22, Valley Clothing sold the remaining shares at $7 per share.
Journalize the transactions of October 3, November 15, and December 22.

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...