answer A and B Transcribed Image Text: Instruction On April 2 a corporation purchased for cash 6,000 shares of its own $12 par common stock
answer A and B Transcribed Image Text: Instruction
On April 2 a corporation purchased for cash 6,000 shares of its own $12 par common stock at $28 a share. It sold 4,000 of the treasury shares at $31 a share on
June 10. The remaining 2,000 shares were sold on November 10 for $24 a share.
Required:
a. Journalize the entries to record the purchase (treasury stock is recorded at cost).*
b. Journalize the entries to record the sale of the stock.*
*Refer to the Chart of Accounts for exact tvording of account titles.
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