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Record Linens Corporations following stock transactions, which represent all its treasury stock transactions for the year, using T accounts: June 1 Purchased 2,000 shares of
Record Linens Corporations following stock transactions, which represent all its treasury stock transactions for the year, using T accounts: June 1 Purchased 2,000 shares of its own $15 par value common stock for $35 per share, the current market price.10 Sold 500 shares of treasury stock purchased on June 1 for $40 per share.20 Sold 700 shares of treasury stock purchased on June 1 for $29 per share. 30 Retired the remaining shares purchased on June 1. The original issue price was $21 per share
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