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Orole Company's balance sheet reported the following: Capital stock outstanding, 4000 shares, par $30 per share Paid-in capital in excess of par Retained earnings $
Orole Company's balance sheet reported the following: Capital stock outstanding, 4000 shares, par $30 per share Paid-in capital in excess of par Retained earnings $ 120,000 B3,700 118.000 The following transactions occurred this year. [5] Purchased 210 shares of capital stock to be held as treasury stock, paying $58 per share Sold 140 of the shares of treasun stock at 563 per share Sold the remaining shyes of treasury stock at $49 per share. Prepare the journal entry for these transactions under the cost method of accounting for treasury stock. (Credit amount titles are autoritically indented when amount is entered. Do not indent manually. I no entry is required, select "Mo Entry for the account ttles and enter Ofor the amounts.) Account Tities and Explanadon Debit Credit
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