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Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 76,000 shares of its common stock at $10 per share. On August 3, Buzz

Entries for Treasury Stock

On May 27, Buzz Off Inc. reacquired 76,000 shares of its common stock at $10 per share. On August 3, Buzz Off sold 50,000 of the reacquired shares at $13 per share. On November 14, Buzz Off sold the remaining shares at $8 per share.

Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank.

May 27

CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParTreasury StockTreasury Stock

Treasury Stock

CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParTreasury StockCash

Aug. 3

Accounts ReceivableCashCommon StockRetained EarningsTreasury StockCash

Cash Cash

Common StockPreferred StockRetained EarningsStock DividendsTreasury StockTreasury Stock

Treasury Stock Treasury Stock

Common StockPaid-In Capital from Sale of Treasury StockPreferred StockRetained EarningsStock DividendsPaid-In Capital from Sale of Treasury Stock

..

Nov. 14

Accounts ReceivableCash DividendsCashCommon StockTreasury StockCash

Cash Cash

Common StockPaid-In Capital from Sale of Treasury StockRetained EarningsSalesTreasury StockPaid-In Capital from Sale of Treasury Stock

Paid-In Capital from Sale of Treasury Stock Paid-In Capital from Sale of Treasury Stock

Common StockPreferred StockSalesStock Dividends DistributableTreasury StockTreasury Stock

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