Treasury Stock (Need to know 11.4) Use this information of Nero Aerospace to record the following...

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Treasury Stock (Need to know 11.4) Use this information of Nero Aerospace to record the following entries related to repurchases of its own stock: 1. Record the transaction where Nero Aerospace repurchases 10,000 shares of its own stock from the market, when the market price as $70 per share. 2. After the market increases to $80 per share, Nero Aerospace resells 7,000 shares into the market. 3. Nero Aerospace resells the remaining 3,000 shares when the market price has fallen to $30 per share. Treasury Stock (Need to know 11.4) Use this information of Nero Aerospace to record the following entries related to repurchases of its own stock: 1. Record the transaction where Nero Aerospace repurchases 10,000 shares of its own stock from the market, when the market price as $70 per share. 2. After the market increases to $80 per share, Nero Aerospace resells 7,000 shares into the market. 3. Nero Aerospace resells the remaining 3,000 shares when the market price has fallen to $30 per share.