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Entries for Treasury Stock On May 27, Mama Mia Inc. reacquired 3,500 shares of its common stock at $19 per share. On August 3, Mama

Entries for Treasury Stock

On May 27, Mama Mia Inc. reacquired 3,500 shares of its common stock at $19 per share. On August 3, Mama Mia sold 1,400 of the reacquired shares at $22 per share. November 14, Mama Mia sold the remaining shares at $18 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
Nov. 14

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