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On May 27, Buzz Off Inc. reacquired 79,000 shares of its common stock at $10 per share. On August 3, Buzz Off sold 50,000 of

On May 27, Buzz Off Inc. reacquired 79,000 shares of its common stock at $10 per share. On August 3, Buzz Off sold 50,000 of the reacquired shares at $13 per share. On November 14, Buzz Off sold the remaining shares at $8 per share.

Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank.

Date Account Debit Credit
May 27 CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParTreasury StockTreasury Stock Treasury Stock Treasury Stock
CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of ParTreasury StockCash Cash Cash
Aug. 3 Accounts ReceivableCashCommon StockRetained EarningsTreasury StockCash Cash Cash
Common StockPreferred StockRetained EarningsStock DividendsTreasury StockTreasury Stock Treasury Stock Treasury Stock
Common StockPaid-In Capital from Sale of Treasury StockPreferred StockRetained EarningsStock DividendsPaid-In Capital from Sale of Treasury Stock Paid-In Capital from Sale of Treasury Stock Paid-In Capital from Sale of Treasury Stock
Nov. 14 Accounts ReceivableCash DividendsCashCommon StockTreasury StockCash Cash Cash
Common StockPaid-In Capital from Sale of Treasury StockRetained EarningsSalesTreasury StockPaid-In Capital from Sale of Treasury Stock Paid-In Capital from Sale of Treasury Stock Paid-In Capital from Sale of Treasury Stock
Common StockPreferred StockSalesStock Dividends DistributableTreasury StockTreasury Stock Treasury Stock Treasury Stock

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