Before Headland Corporation engages in the following treasury stock transactions, its general ledger reflects, among...
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Accounting
Before Headland Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances ( par value of its stock is $30 per share). Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-5ale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) Bought 360 shares of treasury stock at $41 per share. (b) Bought 320 shares of treasury stock at $46 per share. (c) Sold 330 shares of treasury stock at $43 per share. (d) Sold 110 shares of treasury stock at $39 per share
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