Accounting 202

3.) Grant Corp. had an average paid in capital of $15 per share when it made the following treasury stock transactions. These were the first such transactions for Grant Corp.: September 1, 2020: Grant Corp. acquired 500 shares of its S10 par common stock at $25 per share. . October 15, 2020: Grant Corp. reissued 100 shares at $35 per share. November 30, 2020: Grant Corp. reissued 100 shares at $22 per share . Required: Calculate the amounts and prepare the journal entries to record the above transactions using: A.) The cost method. B.) The par value method