Stock Transactions

12/01/2015 Purchase 50 shs of common stock @ $50 per share

01/15/2016 Resell 30 shs @ $60 per share

10/20/2016 Resell 10 shs @ $25 per share

Prepare the journal entries to record the stock transactions

ACC 102 Corp Balance Sheet Partial December 31, 2014 Stockholder's Equity Capital Stock 8% Preferred stock, $100 par value, 2,000 shares authorized, 500 shares issued and outstanding Common stock, $3 par value, 5,000 shares authorized, 200 shares issued and outstanding $ 75,000 $ 600 Total Capital Stock $ 75,600 Additional Paid In Capital Additional paid in capital - preferred stock Additional paid in capital - common stock $ 25,000 5,400 Total additional paid in capital 30,400 Total contributed capital Retained earnings Total contributed capital and retained earnings $ 106,000 $ 100,000 $ 206,000 Total stockholder's equity $ 206,000