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On June 5, Belen Corporation repurchased or purchased 3,300 shares of common stock previously sold to stockholders. The cost of each share repurchased was $45
On June 5, Belen Corporation repurchased or purchased 3,300 shares of common stock previously sold to stockholders. The cost of each share repurchased was $45 per share. On July 15, Beln Corporation sold 2,000 of the repurchased shares at $48 per share. (On June 5, Belen Corporation reacquired 3,300 shares of it common stock at $45 per share. On July 15, Belen Corporation sold 2,000 of the reacquired shares at $48 per share). Record the corresponding journal entries for the respective dates Date 20XX June 5 July 15 Account Description (10 points) Debit Credit
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