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

Question:

Stock transactions for Careful Driving School, Inc. follow:

Mar. 4 Issued 22,000 shares of $ 1 par value common stock 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.

Oct. 14 Sold 900 shares of treasury stock—common at $ 9 per share.

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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...