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Mar. 4 May 22 Sep. 22 Oct. 14 Issued 28,000 shares of $1 par value common stock at $13 per share. Purchased 1,400 shares of
Mar. 4 May 22 Sep. 22 Oct. 14 Issued 28,000 shares of $1 par value common stock at $13 per share. Purchased 1,400 shares of treasury stock-common at $15 per share. Sold 800 shares of treasury stock-common at $24 per share. Sold 600 shares of treasury stock-common at $7 per share. Stock transactions for Mr. Magoo Driving School, Inc. follow: i (Click the icon to view the transactions.) Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 4: Issued 28,000 shares of $1 par value common stock at $13 per share. Date Accounts and Explanation Debit Credit Mar. 4 May 22: Purchased 1,400 shares of treasury stock-common at $15 per share. Date Accounts and Explanation Credit May 22 Debit Sep. 22: Sold 800 shares of treasury stock-common at $24 per share. Date Accounts and Explanation Sep. 22 Oct. 14: Sold 600 shares of treasury stock-common at $7 per share. Date Accounts and Explanation Oct. 14 Debit Debit Credit Credit
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