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On April 2 a corporation purchased for cash 5,000 shares of its own $12 par common stock at $26 per share. It sold 3,000 of
On April 2 a corporation purchased for cash 5,000 shares of its own $12 par common stock at $26 per share. It sold 3,000 of the treasury shares at $29 per share on June 10 . The remaining 2,000 shares were sold on November 10 for $22 per share. a. Journalize the entries for the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank. Apr. 2 b. Journalize the entries for the sale of the stock. If an amount box does not require an entry, leave it blank
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