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Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 6,100 shares of its...

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Accounting

Entries for Treasury Stock

On May 27, Kick Off Inc. reacquired 6,100 shares of its common stock at $27 per share. On August 3, Kick Off sold 3,300 of the reacquired shares at $30 per share. November 14, Kick Off sold the remaining shares at $26 per share.

Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank.

Is this correct?

image 164,700 164,700 Aug. 3 Cash Treasury Stock Paid-In Capital from Sale of Treasury Stock 99,000 89,100 Nov. 14 Cash 72,800 Paid-In Capital from Sale of Treasury Stock Treasury Stock

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