TREASURY STOCK TRANSACTIONS Dennison Service Corporation had no treasury stock at the beginning of 2009. During January 2009, Dennison purchased 7,600 shares of treasury stock at $21 per share. In April 2009, Dennison sold 4,100 of the treasury shares for $25 per share. In August 2009, Dennison sold the remaining treasury shares for $20 per share.

Required:

Prepare journal entries for the January, April, and August treasury stock transactions.

Exercise