On January 1, West Company had outstanding 10,000 shares of $10 par common stock, which had been originally issued at an average price of $35 per share. During the year, West engaged in the following treasury stock transactions:

1.	Reacquired 1,000 shares of its common stock for $33 per share.
2.	Reissued 600 shares of the treasury stock for $35 per share.
3.	Reissued 300 shares of the treasury stock for $32 per share.
4.	Retired the remaining 100 shares of treasury stock.

Required:

Prepare journal entries to record the preceding treasury stock transactions for West assuming it uses (1) the cost method and (2) the par value method.

. Prepare journal entries to record the treasury stock transactions for West assuming it uses the cost method on December 31.

General Journal Instructions

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GENERAL JOURNAL

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2. Prepare journal entries to record the treasury stock transactions for West assuming it uses the par value method on December 31.

General Journal Instructions

PAGE 1

GENERAL JOURNAL

	DATE	ACCOUNT TITLE	POST. REF.	DEBIT	CREDIT
1
2
3
4
5
6
7
8
9
10
11
12