Exercise 12-10 Treasury Stock Transactions Including Retirement

The following stock transactions of Carmel Corporation represent all its treasury stock transactions for the year:

June	1	Purchased 1,000 shares of its own $30 par value common stock for $70 per share, the current market price.
	10	Sold 250 shares of treasury stock purchased on June 1 for $80 per share.
	20	Sold 350 shares of treasury stock purchased on June 1 for $58 per share.
	30	Retired the remaining shares purchased on June 1. The original issue price was $42 per share.

Record Carmel Corporation's stock transactions using T accounts. If an amount is zero, enter "0".

Cash
SelectJune 1June 10June 30Item 1		SelectJune 1June 10June 30Item 3
SelectJune 1June 20June 30Item 5
Bal.

Treasury Stock, Common
SelectJune 1June 20June 30Item 8		SelectJune 1June 10Item 10
		SelectJune 1June 20Item 12
		SelectJune 1June 30Item 14
Bal.

Retained Earnings
SelectJune 1June 10June 20Item 17
SelectJune 1June 10June 30Item 19
Bal.

Paid-in Capital, Treasury Stock
SelectJune 1June 10June 20June 30Item 22		SelectJune 1June 10June 20June 30Item 24
		Bal.

Common Stock
SelectJune 1June 10June 20June 30Item 27
Bal.

Additional Paid-in Capital
SelectJune 1June 10June 20June 30Item 30
Bal.