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can you asnwer this question? thank you Stony Company originally issued 40,000 ordinary shares with a $5 par for $320,000 on January 10, 2021. Stony
can you asnwer this question?thank you Stony Company originally issued 40,000 ordinary shares with a $5 par for $320,000 on January 10, 2021. Stony purchased 2,000 treasury shares for $18,000 on March 15, 2021. On May 8, 2021, 1,000 treasury shares are sold for $10,500. Instructions Prepare journal entries to record these share transactions.
thank you
Stony Company originally issued 40,000 ordinary shares with a $5 par for $320,000 on January 10, 2021. Stony purchased 2,000 treasury shares for $18,000 on March 15, 2021. On May 8, 2021, 1,000 treasury shares are sold for $10,500.
Instructions
Prepare journal entries to record these share transactions.
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