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Need formulas for each On March 15, Fortune Company acquired 26,000 shares of its own $4 par value common shares at a cost of $19

Need formulas for each

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On March 15, Fortune Company acquired 26,000 shares of its own $4 par value common shares at a cost of $19 per share. Fortune had originally issued the shares at $13 per share. On July 5 , Fortune sold 6,000 of the shares in the open market at $26 per share. On October 19 , Fortune sold the remaining shares at $9. Prepare the journal entries to record the acquisition and sale of the treasury shares. (Record debits first, then credits. Exclude explanations from any journal entries.) March 15: Fortune acquired 26,000 shares of common stock to be held in the treasury at a cost of $19 per share. July 5: Fortune sold 6,000 of the shares back in the open market at a price of $26 per share. October 19: Fortune sold the remaining shares at a price of $9. July 5: Fortune sold 6,000 of the shares back in the open market at a price of $26 per share. October 19: Fortune sold the remaining shares at a price of $9

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