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Just need some help with the last two. Entries for Treasury Stock On May 27, Mama Mia Inc. reacquired 8,000 shares of its common stock
Just need some help with the last two.
Entries for Treasury Stock On May 27, Mama Mia Inc. reacquired 8,000 shares of its common stock at $49 per share. On August 3, Mama Mia sold 4,000 of the reacquired shares at $52 per share. November 14, Mama Mia sold the remaining shares at $48 per share. Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank. May 27 Treasury Stock 392,000 Cash 392,000 Aug. 3 Cash 208,000 Treasury Stock 196,000 Paid-In Capital from Sale of Treasury Stock 12,000 Nov. 14 Cash 192,000 Paid-In Capital from Sale of Treasury Stock Treasury StockStep by Step Solution
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