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PART 4 This is our company's shareholders' equity: Common stock ($2 par) Paid-in Capital in Excess of par Paid-in Capital -- Share Repurchase Retained Earningss

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PART 4 This is our company's shareholders' equity: Common stock ($2 par) Paid-in Capital in Excess of par Paid-in Capital -- Share Repurchase Retained Earningss 100,000 400,000 3,000 75,000 The common stock was issued several years ago, and there was only one stock issue. Make journal entries for the following events: February 17: Our company purchased 10,000 shares of its own sti $11 per share and retired the shares. March 31: Our company acquired 3,000 shares of its own stock fo $9.50 per share and held the shares as treasury stock. April 14: Our company sold 1,000 of the shares reacquired on Ma for $9.75 per share. Feb 17 Apr 14

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