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Record the following transactions of a company in general journal form: A- Reacquired 8,000 of its own $10 par value common stock @ $40.00 cash
Record the following transactions of a company in general journal form:
A- Reacquired 8,000 of its own $10 par value common stock @ $40.00 cash per share. The stock was originally issued @ $15. per share.
B- Sold 2,000 shares of the stock reacquired under part (a) @ $43 cash per share.
C- Sold 3,000 shares of the stock reacquired under part (a) @ $39.00 cash per share.
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