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Johnston, Inc., engaged in the following transactions involving treasury stock: Feb. 10 Purchased for cash 17,000 shares of treasury stock at a price of $25
Johnston, Inc., engaged in the following transactions involving treasury stock: |
Feb. 10 | Purchased for cash 17,000 shares of treasury stock at a price of $25 per share. |
June 4 | Reissued 6,000 shares of treasury stock at a price of $43 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.
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