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4 Record the following Flashback Corp. treasury stock transactions. Show the journal entries and report each transaction in the respective T-Accounts. a 5.Jun Purchased 1,200
4 Record the following Flashback Corp. treasury stock transactions. Show the journal entries and report each transaction in the respective T-Accounts. a 5.Jun Purchased 1,200 shares of its own $25 par value common stock for $60 per share, the current market price. (7 points) b 12-Jun Sold 300 shares of the treasury stock purchased June 5 for $75 per share. (7 points) c 25-Jun Sold 500 shares of the treasury stock purchased June 5 for $50 per share. (7 points) d 30 Jun Retire the remaining shares purchased on June 5. The original issue price was $40 (4 points) 7 of 8
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