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Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 77,000 shares of its common stock at $10 per share. On August 3, Kick
Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 77,000 shares of its common stock at $10 per share. On August 3, Kick Off sold 50,000 of the reacquired shares at $13 per share. On Novembe 14, Kick 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 Paid-In Capital from Sale of Treasury Stock Cash Aug. 3 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock 770.000 770,000 650,000 500,000 150,000 Nov. 14 Cash 208,000 Paid-In Capital from Sale of Treasury Stock 52,000 Treasury Stock 260,000
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