During the year Colgate engaged in the following capital stock transactions:

a) Issued shares for 15 each.

b)

Acquired 300 shares for the treasury in a single transaction.

c) Reissued some of the treasury shares.

Assume that those were all of the common stock transactions during the year.

1.- How many shares did Colgate issued for 15? (3 points)

2.- What was the price at which it acquired the treasury shares? (3 points)

3.-How many shares did it reissue from the stock of treasury shares? (3 points)

4.- What was the price at which it reissued the treasury shares? (12 points)

5,- What journal entries did it make during the year? (16 points)