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Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 6,800 shares of its common stock at $18 per share. On August 3, Let
Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 6,800 shares of its common stock at $18 per share. On August 3, Let Loose sold 3,700 of the reacquired shares at $21 per share. November 14, Let Loose sold the remaining shares at $17 per share. Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank. May 27 Treasury Stock Cash Aug. 3 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock I 100 000 III III I Nov. 14 Cash Paid-In Capital from Sale of Treasury Stock Treasury Stock
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