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Nature Corporation engaged in the following treasury stock transactions during the current year: Aug. 25 Purchased 4,000 shares of treasury stock at $50 per share.
Nature Corporation engaged in the following treasury stock transactions during the current year: Aug. 25 Purchased 4,000 shares of treasury stock at $50 per share. Oct. 10 Dec. 15 Complete the following three general journal entries to record these treasury stock transactions. 19 Aug. 25 Oct. 10 Reissued 1,500 shares of the treasury stock acquired on August 25 at a price of $58 per share. Reissued 1,000 shares of treasury stock at a price of $46 per share. Dec. 15 General Journal Purchased 4,000 shares of treasury stock at a price of $50 per share. Reissued 1,500 shares of treasury stock (cost $50 per share) at a price of $58 per share. Reissued 1,000 shares of treasury stock (cost $50 per share) at a price of $46 per share.
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