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RST Co. has an issued and outstanding share capital of 200,000 shares of $3 par. These shares were originally issued at $5 per share. The
RST Co. has an issued and outstanding share capital of 200,000 shares of $3 par. These shares were originally issued at $5 per share. The following treasury stock transactions took place in 2022. April 2. The company purchased 2,000 shares for the treasury at the market price of $6 per share. 8. Sold 800 shares of treasury stock at $9 per share. 15. Sold 500 shares of treasury stock at $4 per share. 22. Sold an additional 500 shares of treasury stock at $3 per share. 30. Retired the balance of the shares of treasury stock. Reqd: Show necessary journal entries to record the above transactions.
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