Algeria Corp. currently has $5,000$ no par value common shares outstanding, with a book value of $$150,000.$

Instructions

Record the share transactions given below:

a$)$ Bought $300$ common shares at $$31$ each, to be held as treasury shares

b$)$ Sold $80$ treasury shares at $$30$

c$)$ Sold $40$ treasury shares at $$34$

d$)$ Retired the rest of the treasury shares