Assume that 500,000 shares of $2 par value common stock have been authorized by Omega Co. Prepare the necessary journal entries for the following transactions.

Treasury Stock Question 1: Omega sells 100,000 shares of common stock at $6 per share.

Enter the credit for the higher dollar amount first.

Account Name	Debit ($)	Credit ($)
Dr.
Cr.
Cr.

Treasury Stock Question 2: Omega Co. reacquires 1,000 shares of its own $2 par stock at a price of $90 per share.

Account Name	Debit ($)	Credit ($)
Dr.
Cr.

Treasury Stock Question 3: Omega reissues 400 of the treasury shares acquired at a cost of $90 per share at a price of $80 per share. Enter the debit for the higher dollar amount first.

Account Name	Debit ($)	Credit ($)
Dr.
Dr.
Cr.