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Paces Pathetic Pasta distributes pasta products that are packaged with alka-seltzer. On July 9 of the current year. Pace reacquired 40,000 shares of its common
Paces Pathetic Pasta distributes pasta products that are packaged with alka-seltzer. On July 9 of the current year. Pace reacquired 40,000 shares of its common stock at $44 per share (treasury stock). On September 22, Pace sold 30,000 of the reacquired shares at $50 per share. The remaining 10,000 shares were sold at $43 per share on November 23.
A) Journalize the transactions of July 9, September 22, and November 23.
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