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Before Oriole Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances ( par value of its

Before Oriole Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the
following account balances (par value of its stock is $30 per share).
Before Oriole Corporation engages in the following treasury stock transactions, its general ledger
reflects, among others, the following account balances (par value of its stock is $30 per share).
Record the treasury stock transactions (given below) under the cost method of handling treasury
stock; use the FIFO method for purchase-sale purposes. (List all debit entries before credit entries. Credit
account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is
required, select "No Entry" for the account titles and enter O for the amounts.)
a. Bought 390 shares of treasury stock at $41 per share.
b. Bought 300 shares of treasury stock at $46 per share.
c. Sold 370 shares of treasury stock at $43 per share.
d. Sold 110 shares of treasury stock at $39 per share. No. Account Titles and Explanation
a.
b.
b.
c.
d.
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