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Current Attempt in Progress Before Skysong Ltd. engages in the treasury share transactions listed...

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Accounting

Current Attempt in Progress
Before Skysong Ltd. engages in the treasury share transactions listed below, its general ledger reflects, among others, the following
account balances (par value is 30 per share).
Record the treasury share transactions (given below) under the cost method of handling treasury shares; use the FIFO method for
purchase-sale 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 390 treasury shares at 42 per share.
(b) Bought 280 treasury shares at 43 per share.
(c) Sold 340 treasury shares at 44 per share.
(d) Sold 100 treasury shares at 40 per share.
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