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During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 390 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 390 shares of the company's own common stock at $30 cash per share b. Jun. 14 Sold 130 shares of the shares purchased on April 1 for $35 cash per share c. Sept. 1 Sold 120 shares of the shares purchased on April 1 for $25 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.) Answer is not complete Debit Credit No Transaction General Journal Treasury 11,700 11,700 Cash 4,550 Cash 3,900 Treasury stock Additional paid-in capital 650 3,000 Cash Additional paid-in capital 1,200 Treasury stock 4,200
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