Stock transactions for Careful Driving School, Inc., follow: Mar 4 Issued 22,000 shares of $1 par common

Question:

Stock transactions for Careful Driving School, Inc., follow:
Mar 4 Issued 22,000 shares of $1 par at $18 per share.
May 22 Purchased 1,400 shares of treasury stock—common at $11 per share.
Sep 22 Sold 500 shares of treasury stock—common at $24 per share.
Requirement
1. Journalize the transactions.

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...