Exercise 12-9 Treasury Stock Transactions The following stock transactions of DeMeo Corporation represent all of...
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Accounting
Exercise 12-9 Treasury Stock Transactions
The following stock transactions of DeMeo Corporation represent all of the company's treasury stock transactions during 2014:
| May | 5 | Purchased 800 shares of its own $2 par value common stock for $20 per share, the current market price. |
| 17 | Sold 300 shares of treasury stock purchased on May 5 for $22 per share. | |
| 21 | Sold 200 shares of treasury stock purchased on May 5 for $20 per share. | |
| 28 | Sold the remaining 300 shares of treasury stock purchased on May 5 for $19 per share. |
Record DeMeo Corporation's stock transactions using T accounts. If an amount is zero, enter "0".
| Cash | |||
|---|---|---|---|
| SelectMay 5May 17Item 1 | SelectMay 5May 17May 21May 28Item 3 | ||
| SelectMay 5May 21Item 5 | |||
| SelectMay 5May 28Item 7 | |||
| Bal. | |||
| Treasury Stock, Common | |||
|---|---|---|---|
| SelectMay 5May 17May 21May 28Item 10 | SelectMay 5May 17Item 12 | ||
| SelectMay 5May 21Item 14 | |||
| SelectMay 5May 28Item 16 | |||
| Bal. | |||
| Paid-in Capital, Treasury Stock | |||
|---|---|---|---|
| SelectMay 5May 17May 21May 28Item 19 | SelectMay 5May 17May 21May 28Item 21 | ||
| Bal. | |||
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