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1. Before Buckeye Communications Corp. engages in the treasury stock transactions listed below its general ledger reflects, among others, the following account balances (par value=

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1. Before Buckeye Communications Corp. engages in the treasury stock transactions listed below its general ledger reflects, among others, the following account balances (par value= $50) : Record the treasury stock transactions given below assuming a FIFO method for purchase/sale purposes under the Cost Method. a. Bought 300 shares of treasury stock at $63 per share. b. Bought 150 shares of treasury stock at $67 per share. c. Sold 225 shares of treasury stock at $64 per share. d. Sold 120 shares of treasury stock at $58 per share

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