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Help Save & Exit 3 Check myv Johnston, Inc., engaged in the following transactions involving treasury stock. 5 points Feb.10 Purchased for cash 17,000 shares

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Help Save & Exit 3 Check myv Johnston, Inc., engaged in the following transactions involving treasury stock. 5 points Feb.10 Purchased for cash 17,000 shares of treasury stock at a price of $30 per share. June 4 Reissued 6,000 shares of treasury stock at a price of $47 per share Dec.22 Reissued 4,000 shares of treasury stock at a price of $22 per share a. Prepare general journal entries to record these transactions. b. Compute the amount of retained earnings that should be restricted because of the treasury stock still owned at December 31 Skipped eBook Complete this question by entering your answers in the tabs below. Ask Print Required A Required B Prepare general journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Mc Graw Hill

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