Exercise #1 Halsall Corporation incurred the following three treasury stock transactions in 2021.Requirement: Journalize the...
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Exercise #1 Halsall Corporation incurred the following three treasury stock transactions in 2021.Requirement: Journalize the three treasury stock transactions below: 1) The purchase of the treasury stock, 2) the sale of 1,200 shares of treasury stock for cash of $10 per share, 3) the sale of 200 shares of treasury stock for cash of $6 per share.
Jan-3 Halsall Co. purchased 2,000 shares of the company's $2 par value common stock as treasury stock, paying cash of $8 per share.
Jan-30 Halsall Co. sold 1,200 shares of the treasury stock for cash of $10 per share.
Feb-2 Halsall Co.sold 200 shares of treasure stock for cash of $6 per share.
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