4. A company purchased back its share from market, 5,000 shares for $300,000. The company...
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4. A company purchased back its share from market, 5,000 shares for $300,000. The company later resold 1,300 shares for $65/share, then 2000 more shares for $59/share, and finally 1,700 shares for $45/share. Instruction: Prepare journal entries for the four transactions
4. A company purchased back its share
from market, 5,000 shares for
$300,000. The company later resold
1,300 shares for $65/share, then 2000
more shares for $59/share, and finally
1,700 shares for $45/share.
Instruction: Prepare journal entries for
the four transactions
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