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Saterwine Company began 2017 with 30,000 shares of stock issued. In March, Saterwine repurchased 1,000 of its own shares for $47 per share. In August,
Saterwine Company began 2017 with 30,000 shares of stock issued. In March, Saterwine repurchased 1,000 of its own shares for $47 per share. In August, it reissued 300 shares of treasury stock for $50 per share. In December, it reissued the remaining 700 shares for $45 per share. a. Record the repurchase of 1,000 of its shares by Saterwine in March. b. Record the reissuance of 300 shares in August. c. Record the reissuance of 700 shares in December.
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