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  3. 1. agee storage issued 35 million shares of its $

1. Agee Storage issued 35 million shares of its $1 common stock at $16...

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Accounting

1. Agee Storage issued 35 million shares of its $1 common stock at $16 a share on July 1, 2006
Agee reacquired to retire 1 million shares at $14 a share on September 12, 2006.
Agee reacquired 4 million shares as treasury stock at $11 a share on October 7, 2006
Agee issued 3 million shares of treasury stock at $8.50 a share on November 1, 2006
Record all of the applicable general journal entries and post to T-Accounts
(check figure: after all entries have been recorded - APIC account = (510,000,000) & Treasury Stock = 11,000,000)

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