Question
During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 260 shares of the company's own common
During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 260 shares of the company's own common stock at $39 cash per share. b. Jun. 14 Sold 130 shares of the shares purchased on April 1 for $44 cash per share. c. Sept. 1 Sold 120 shares of the shares purchased on April 1 for $34 cash per share. Required: 1. Prepare journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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