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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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