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Exercise 10-65 (Algorithmic) Treasury Stock Transactions treasury stock at $21 per share. In April, Dennison sold 4, 100 of the treasury Dennison Service Corporation had

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Exercise 10-65 (Algorithmic) Treasury Stock Transactions treasury stock at $21 per share. In April, Dennison sold 4, 100 of the treasury Dennison Service Corporation had no treasury stock at the beginning of the year. During January, Dennison purchased 7,000 shares shares for $25 per share. In August, Dennison sold the remaining treasury shares for $20 per share. Required: Prepare journal entries for the January, April, and August treasury stock transactions. January (Record purchase of treasury shares) April: lII (Record reissue treasury shares) August: (Record reissue of treasury shares)

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