Question
Sunland Inc. has outstanding 10,600 shares of $10 par value common stock. On July 1, 2017, Sunland reacquired 105 shares at $87 per share. On
Sunland Inc. has outstanding 10,600 shares of $10 par value common stock. On July 1, 2017, Sunland reacquired 105 shares at $87 per share. On September 1, Sunland reissued 62 shares at $91 per share. On November 1, Sunland reissued 43 shares at $84 per share. Prepare Sunlands journal entries to record these transactions using the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit
7/1/17
9/1/17
11/1/17
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