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Question 4: On January 2, 2021 Dell Corporation purchased 6,000 shares of its own common stock for $280,000. On August 2, a total of 2,000
Question 4: On January 2, 2021 Dell Corporation purchased 6,000 shares of its own common stock for $280,000. On August 2, a total of 2,000 shares were sold at $50.00 per share. On September 2, a total of 2,500 more shares were sold at $48.00 per share. On December 2, 2021 the remaining shares were sold for $40.00 per share. These are the only treasury stock transactions ever made by the corporation. Prepare the journal entries required on January 2, August 2, September 2, and Dec 2, 2021. (5-10 mins)
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