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Metlock Company had the following stockholders' equity as of January 1, 2025: During 2025, the following transactions occurred: Feb. 16 Metlock repurchased 5,500 shares of
Metlock Company had the following stockholders' equity as of January 1, 2025: During 2025, the following transactions occurred: Feb. 16 Metlock repurchased 5,500 shares of treasury stock at a price of $16 per share. Mar. 8200 shares of treasury stock repurchased above were reissued at $17 per share. Apr. 11800 shares of treasury stock repurchased above were reissued at $13 per share. May 82,100 shares of treasury stock repurchased above were reissued at $19 per share. Prepare the journal entries to record the treasury stock transactions in 2025, assuming Metlock uses the cost method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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