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Jones Junkyard Corp. had the following transactions for this year. Prepare journal entries for each transaction and post the transactions to the provided ledger cards

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Jones Junkyard Corp. had the following transactions for this year. Prepare journal entries for each transaction and post the transactions to the provided ledger cards as you go along. Note: You will not be posting the complete entries -- post to only the accounts listed in the ledger cards. a. On Jan 1. Jones Junkyard issued 4,000 shares of S2 par common stock for $9,000. b. On March 15. Jones Junkyard purchased 3,000 shares of their own stock on the open market for $8 cash per share c. On July 10. Jones Junkyard re-issued 2,000 shares of treasury stock for $10 per share. d. On October 31. Jones Junkyard re-issued 1,000 shares of treasury stock for S7 per share. Journal entries: Debit Credit Date Description Jan 1 Mar 15 July 10 Oct 31 Ledger cards: Treasury Stock, Common Debits Credits Date Balance 0 Beg. Bal. >

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