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Wright Co., reissued treasury stock it had acquired for $10 per share in a variety of different circumstances. The shares have a par value of
Wright Co., reissued treasury stock it had acquired for $10 per share in a variety of different circumstances. The shares have a par value of $5 and were orginally sold for $15 per share. Wright Co. accounts for itis treasury stock transactions using th cost method. Prepare the journal entries. 1. Reissue 2,000 shares at $12.00 per share on Jan 15, Year 3 2. Reissue 2,000 shares at $7,.00 per share on October 13, year 3 3. Retire 1,000 shares on November 5, year 3
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