a. Issued 1,000 shares of $10 par common stock at $56. b. Issued 1,400 shares...

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Accounting

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a. Issued 1,000 shares of $10 par common stock at $56. b. Issued 1,400 shares of $10 par common stock in exchange for equipment with a fair market price of $21,000. c. Purchased 100 shares of treasury stock at $25. d. Sold the 100 shares of treasury stock purchased in (c) at $30. Required: Prepare entries to record the above transactions. Refer to the Chart of Accounts for exact wording of account titles

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