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On January 1, 2019, Gage Inc. had 200,000 share $1 par value common stock issued and outstanding. Prepare the following journal entries in good form
On January 1, 2019, Gage Inc. had 200,000 share $1 par value common stock issued and outstanding. Prepare the following journal entries in good form:
March 1 - Issued 10,000 shares of common stock at $37 per share.
June 16 - Bought 5,000 shares of common stock at $29 per share.
Oct. 3 - Sold 2,500 shares of treasury stock at $30 per share.
Dec. 17 - Sold 1,000 shares of teasury stock at $26 per share.
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