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Brief Exercise 15-8 Metlock Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2017, Metlock reacquired 112 shares at $87
Brief Exercise 15-8 Metlock Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2017, Metlock reacquired 112 shares at $87 per share. On September 1, Metlock reissued 62 shares at $94 per share. On November 1, Metlock reissued 50 shares at $83 per share. Prepare Metlock's journal entries to record these transactions using the cost method. (Credit account titles are automatically indented when 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.) Date Account Titles and Explanation Debit Credit 11/1/17
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