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The Cost method of accounting for a corporations Treasury Stock transactions. The Sirap Corp. issued 20000 shares of Common Stock $1 Par at $25 on
The Cost method of accounting for a corporations Treasury Stock transactions. The Sirap Corp. issued 20000 shares of Common Stock $1 Par at $25 on 1/3/17. The following transactions occurred in 2018. a) Reacquired 2000 shares of Treasury Stock $40 per share. b) The Co, then sold 800 shares of the Treasury Stock at $50 per share. C) The Co. then sold 500 shares of the Treasury Stock at $36 per share. Required: Journalize the above 4 Transactions in good form
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