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Question 2 (9 Points): A1, C1, D3 Fawaz Cor. issued 30,000 shares of $1 par common stock for $5 per share. Instruction: Record the journal
Question 2 (9 Points): A1, C1, D3 Fawaz Cor. issued 30,000 shares of $1 par common stock for $5 per share. Instruction: Record the journal entry for the following transaction: 1. The Cor. re-acquired 10,000 shares for $10 per share. 2- The Cor. Sold 5,000 shares of its Treasury Stock for $12 per share. 3. The Cor, sold 3,000 shares of its Treasury Stock for $10 per share. 4. The Cor. sold 1,500 shares of its Treasury Stock for $2 per share. 5- The Cor. retired remaining 500 shares of its Treasury Stock
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