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29. On 4/01/2020, the stockholders' equity of Holman Dress Fitters is as follows: Common stock - $10 par, 85,000 authorized, issued and outstanding $600,000 Paid
29. On 4/01/2020, the stockholders' equity of Holman Dress Fitters is as follows: Common stock - $10 par, 85,000 authorized, issued and outstanding $600,000 Paid up capital in excess of par, common stock 120.000 Retained earnings 485.000 Prepare the journal entries to record the following transactions, in the books of Holman Dress Fitters: a. On 5/15/2020, purchased 4,000 shares of its own common stock at S20 per share. b. On 7/10/2020, sold 1,500 treasury shares for $26 cash, per share. Cr. Date 5/15/2020 2 pts. 3 pts. Journal Accounts Dr. 7/10/2020
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