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During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 350 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 350 shares of the company's own common stock at $31 cash per share. | |
b. | Jun. | 14 | Sold 100 of the shares purchased on April 1 for $36 cash per share. | |
c. | Sept. | 1 | Sold 90 of the shares purchased on April 1 for $26 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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