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need help step by step Walter, Inc. was incorporated on January 1, 2022, and issued 50,000 shares of its $10 par value common stock on
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Walter, Inc. was incorporated on January 1, 2022, and issued 50,000 shares of its $10 par value common stock on that date, at a price of $ 12 per share. Additional transactions involving its stock during 2022 were as follows: June 15, 2022 Purchased 10,000 shares of its common stock as treasury stock at a price of $14 per share. August 10, 2022 Reissued one-half of the treasury shares purchased on June 15, 2022 at a price of $16 per share. September 21, 2022 Reissued 4,000 shares of the treasury stock purchased on June 15, 2027 at $8 per share. December 17, 2022 Retired the remaining treasury shares. REQUIRED: 1. Record all of the stock transactions that occurred during 2022, assuming that Walter, Inc. uses the cost method to record treasury stock transactions. 2. Record all of the stock transactions that occurred during 2022, assuming that Walter, Inc. uses the par value method to record treasury stock transactions Step by Step Solution
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