Question
On January 1, 2020, Sheridan Company issued 31,000 shares of $3 par value common stock for $300,000. On March 1, 2020, the company purchased 4,100
On January 1, 2020, Sheridan Company issued 31,000 shares of $3 par value common stock for $300,000. On March 1, 2020, the company purchased 4,100 shares of its common stock for $15 per share for the treasury. Journalize the stock transactions of Sheridan Company in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
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