Question 8, BE15-9 (simil... Part 1 of 2 HW Score: 27.27%, 3 of 11 points Points: 0 of 1 Paprika Spice Distributors acquired 10,000 shares of its own common shares at a cost of $60 per share. After months, Paprika sold half of the shares in the open market at $67 per share. Prepare the journal entries to rec acquisition and sale of the treasury shares. (Record debits first, then credits. Exclude explanations from any entries.) Paprika acquired 10,000 shares of common stock to be held in the treasury at a cost of $60 per share. Account Current Year Get More Help Clear All Check Ans Sk Pro