Question
Goldberg Corporation had the following equity accounts on January 1, 2020: Shares Capital Shares Capital - Ordinary (100,000 shares issues at $ 3 par value)
Goldberg Corporation had the following equity accounts on January 1, 2020: Shares Capital Shares Capital - Ordinary (100,000 shares issues at $ 3 par value) $ 300,000, Shares Premium - Ordinary $ 100,000, and Retained earnings $ 150,000. The company had the following treasury shares transactions. 1. June, 1 Purchased 10,000 shares for cash at $ 12 per share. 2. July, 1 Sold 3,000 treasury shares for cash at $ 14 per share. 3. Sept, 1 Sold 2,000 treasury shares for cash at $ 13 per share. 4. Oct, 1 Sold 1,000 treasury shares for cash at $ 7 per share. 5. Dec, 1 Sold 1,000 treasury shares for cash $ 5 per share Instructions: Journalize the treasury shares transactions. Date Account Title Debit Credit
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