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2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select No Journal Entry Required in the first account
2. | Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
1 Record the issuance of 58,000 shares of common stock with a par value $10 for a price of $12 per share.
2 Record the purchase of 1,800 shares of previously issued common stock for a price of $15 per share.
3 Record the re-issuance of 900 shares of treasury stock previously purchased for a price of $15 per share and sold for $18 per share. |
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