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Treasury Stock Transactions, Disclosure. The following shareholders' equity section was taken from the books of Aubry Corporation at the beginning of the current year: $
Treasury Stock Transactions, Disclosure. The following shareholders' equity section was taken from the books of Aubry Corporation at the beginning of the current year: $ 989,500 Common Stock, $10 par value, 1,000,000 shares authorized, 98,950 shares issued and outstanding Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital from Treasury Stock Transactions Retained Earnings 120,000 0 1,545,000 Required a. Prepare the journal entries required to record each of the following events: Aubry acquired 15,000 shares of common stock to be held in the treasury at a cost of $16 per share. Aubry sold 4,800 shares of treasury stock at $19 per share. Aubry sold 7,200 shares of treasury stock at $8 per share. Aubry reported a net loss of $367,540 for the year. The company declared and paid a $2 per share cash dividend at year-end. b. Prepare the shareholders' equity section at the end of the year
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