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Prepare journal entries for the following treasury stock transactions. Assume that all three happen in order when preparing each entry. 2/15/2015 Purchased 48,000 shares for
Prepare journal entries for the following treasury stock transactions. Assume that all three happen in order when preparing each entry. | |||||||
2/15/2015 | Purchased 48,000 shares for cash at $13.50 per share. | ||||||
6/6/2015 | Sold 12,500 treasury shares for cash at $16.00 per share. | ||||||
8/30/2015 | Sold 9,500 treasury shares for cash at $12.00 per share. | ||||||
Instructions: Prepare journal entries for the above transactions. | |||||||
Date | Account | Debit | Credit | ||||
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