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Court Casuals has 200,000 shares of common stock outstanding as of the beginning of the year and has the following transactions affecting stockholders' equity during
Court Casuals has 200,000 shares of common stock outstanding as of the beginning of the year and has the following transactions affecting stockholders' equity during the year: May 18 Issues 23,000 additional shares of $1 par value common stock for $44 per share. May 31 Purchases 5,000 shares of treasury stock for $41 per share. paid on treasury stock. July 31 Pays the cash dividend declared on July 1 . August 10 Resells 2,700 shares of treasury stock purchased on May 31 for $48 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 6 Record the issuance of 23,000 additional shares of $1 par value common stock for $44 per share. Note: Enter debits before credits
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