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On January 1, 2020 XYZ Corporation had 100,000 ordinary shares issued and outstanding, the share have par value $ 4 per share, during the year
On January 1, 2020 XYZ Corporation had 100,000 ordinary shares issued and outstanding, the share have par value $ 4 per share, during the year the following transactions occurred. : April 1 May 1 issued 25,000 additional ordinary shares for $17 per share purchased 10,000 treasury shares for cash at $15per share sold 1000 treasury shares for 15$ per share Aug 1 Sep 1 sold 2,000 treasury shares for $20 per share DEC 1 Sold 3000 treasury shares for $ 13 per share Prepare the journal entries for above transaction
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