Required informationMini-Exercise 8-6 (Algo) Treasury stock transactions LO 8-6Skip to question

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On April 10, 2022, Amelia Incorporated purchased 250 shares of its own common stock in the market for $14 per share. On September 28, 2022, the company sold 150 of these shares in the open market at a price of $17 per share.

Mini-Exercise 8-6 (Algo) - Journal entry

Record the journal entry to show the effects on Amelia Incorporated's financial statements for the following transactions:

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.